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TECHNOLOGY SECTOR SELLOFF
Nasdaq futures tumble over 2% as Amazon, Intel stoke AI spending concernsU.S. stock futures tumbled as Amazon's rising AI investments and Intel's cash burn warning heightened concerns over infrastructure costs, b...- Global Market: European automakers get earnings boost as Chinese competition weighs on recoveryEuropean automakers have received a boost from recent earnings, but their recovery remains fragile. Rising competition from Chinese manufac...
- Global Market: China stocks extend losing streak to 12 weeks as global AI selloff hits tech sharesChina's CSI300 index fell to a one-year low, extending its losing streak to 12 weeks as a global AI stock selloff weighed on technology sha...
- In China, the AI bubble has already burstWhile global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on...
- Global Market: China, Hong Kong stocks slip as technology shares extend lossesChina and Hong Kong stocks edged lower as weakness in technology and AI-related shares outweighed faster industrial-profit growth and fresh...
- In China, the AI bubble has already burstChina's technology sector is experiencing a dramatic decline, leading to extensive financial repercussions for numerous industries. The STA...
- Analysis: In China, the AI bubble has already burstChinese tech stocks, especially in AI and semiconductors, have experienced a dramatic decline in value recently. The mainland STAR50 index ...
- Sinking profits turn China’s $3.5 trillion rout into trapChinese stocks are experiencing a significant selloff resulting in a loss of $3.5 trillion since May. Increased competition and declining d...
- Silver hits 11-month low of ₹1.95 lakh as crude stokes inflation fearsOn the Multi Commodity Exchange (MCX), silver futures fell ₹6,799 per kg, or 3.4%, to ₹1,92,800 per kg on Friday. Prices have plunged ₹32,9...
- AI stocks: Midterm elections could threaten AI trade as data center backlash growsPublic opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory sc...
- Global Market: Anthropic presses ahead with November IPO as AI listings face delaysAnthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. Wit...
- Nasdaq CEO flags IPO slowdown amid market volatilityThe IPO market is grappling with hurdles stemming from macroeconomic instability and fluctuating market conditions that are influencing cor...
- Japan’s Nikkei falls over 1% as Wall Street tech selloff rattles marketsJapan’s Nikkei 225 falls as a Wall Street tech sell-off weighs on semiconductor and AI-linked stocks. Concerns over valuations and spending...
- Dragon enters bear cave with $2.4 trillion lost since May peakChinese stocks have recently entered a bear market, resulting in a total loss of $2.4 trillion. Major indexes, including the CSI 300 and Ha...
- Anthropic IPO stands alone as AI market jitters sideline othersAnthropic's planned IPO will test whether its position at the center of the booming AI business, which the company is believed to deem wort...
- Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fadeHong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks...
- US stocks today: Nasdaq leads Wall Street higher as SpaceX, Super Micro lift AI sentimentUS stocks ended higher on Wednesday as SpaceX and Super Micro Computer boosted sentiment around artificial intelligence stocks. The Nasdaq ...
- ECB says AI, greener economy help euro zone weather energy shockDespite facing substantial energy challenges from escalating oil and gas prices, the euro zone economy has shown resilience in growth. Econ...
- US stocks today: US stocks end higher as healthcare stocks lift Dow, tech a breatherWall Street ended higher on Tuesday, led by the Dow as investors shifted towards healthcare and other value stocks. The S&P 500 also gained...
- Hedge funds retreat from tech at fastest pace in a decade as AI trade weakensHedge funds cut technology exposure at the fastest pace in at least a decade as the global AI trade weakened and tech stocks bore the brunt...
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