Tech Stocks Slide as Investors Fret AI Overspending
19 Articles
19 Articles
AI Selloff Drags Emerging Stocks Down, Weighs on Currency Gauge
The deepening selloff in shares linked to artificial intelligence pushed the key emerging-market equity index down for a second day and triggered a decline in currencies of Asia’s technology hubs.
AI investors or casino gamblers? What Broadcom CEO Hock Tan said that sparked sharp global AI selloff
Global AI stocks plunged after Broadcom CEO Hock Tan warned that investors are treating artificial intelligence like gambling, raising concerns about excessive valuations and unsustainable spending. He questioned OpenAI’s long-term profitability despite strong revenue growth. South Korea’s Kospi and Japan’s Nikkei declined, while Indian IT stocks rallied amid the global technology selloff.
Beyond Memory Semiconductors and Power... Now Capital Itself Becomes the AI Bottleneck Observations have emerged that the major bottleneck in the artificial intelligence (AI) industry could extend beyond semiconductors and power to investment capital itself. Hock Tan, CEO of Broadcom, at the DBS Asia Future Forward Conference held in Singapore on the 12th (local time)...
Chip giants fall up to ten percent after Broadcom CEO compares AI investments to gambling at a casino
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