Stocks Slump, Bonds Leap as AI Giants’ Spending Spooks Investors - Regional Media News
Alphabet lost $500 billion in market value as investors questioned whether massive AI spending will generate adequate returns, analysts said.
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Stocks slump, bonds leap as AI giants’ spending spooks investors - Regional Media News
SINGAPORE, Oct 30 (Reuters) - Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns. [...]
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BizTocStocks slump, bonds leap as AI giants’ spending spooks investors
Alphabet shares plunged 12.6% and fell further after hours, wiping out US$500 billion in market value as AI spending turned cash flow negative. (EPA Images pic)SINGAPORE: Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.Shares in Google parent Alphabet fell…
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