Asian Trading Is Mixed as Worries About AI-Related Issues Grow – WTOP News
Investors sold chip and AI shares after major tech earnings and guidance renewed doubts about whether heavy spending will deliver near-term returns.
- Asian share markets slipped on Monday as concerns about the sustainability of the AI investment boom pressured the tech sector, while Apple reclaimed its title as the world's largest company on Friday.
- Analysts at Goldman Sachs expect hyperscaler capital expenditure to double to $800 billion this year, rising further to $1.2 trillion in 2027, though the growth rate is peaking.
- Following Intel's near 29 per cent tumble on Friday, investors face crucial earnings reports this week from Apple, AMD, and Palantir, while the Nasdaq index lost 7 per cent in October.
- Corporate default insurance costs spiked last week due to concerns about negative cash flow and AI spending scale, while the Binance cryptocurrency exchange saw withdrawals after a hack.
- Earnings growth remains strong but is no longer accelerating, presenting a challenge for equity investors, as United States midterm elections create potential political hurdles for data centers.
62 Articles
62 Articles
Asia shares bend under AI stress; Apple earnings loom
SYDNEY, Nov 2 : Asian share markets slipped on Monday as worries about the sustainability of the AI investment boom loomed over the tech sector, while the high price of oil limited the safe-haven appeal of sovereign bonds.Concerns about negative cash flow and the sheer scale of AI capex saw the cost of insuri
Apple (NASDAQ: AAPL) CEO John Ternus Faces Wall Street For The First Time As $113 Billion Quarter Looms
Wall Street will get its first read on Apple (NASDAQ: AAPL) under new chief executive John Ternus when the company delivers its fiscal fourth-quarter results on Monday, November 2. Ternus, who assumed the top role in September, steps into the earnings spotlight having inherited a product pipeline built largely under his predecessor, Tim Cook, whose […]
The shares of global technology companies declined sharply today Friday after the business results of a number of large companies fell short of market expectations.
The Economic Times
Times of IndiaGlobal Market: Japan's Nikkei falls 3% as AI spending concerns hit chip stocks; BOJ holds rates
Japanese shares fell sharply as concerns over the profitability of AI investments sparked a global technology sell-off. The Nikkei 225 dropped as much as 3%, led by steep losses in chip and AI-related stocks. Meanwhile, the Bank of Japan held its policy rate at 1.25% but signalled a hawkish stance, leaving the possibility of a future rate increase open.
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