Japan’s Nikkei Falls More than 2% on AI Spending Worries

Japan's Nikkei falls more than 2% on AI spending worries

Japan's Nikkei share average dropped more than two percent on Friday. This decline was spurred by concerns over heavy artificial intelligence spending. Google parent Alphabet's shares sank significantly overnight, impacting global markets. Chip-related shares and technology investor SoftBank Group also experienced losses. However, shares supported by domestic demand and shippers saw some gains.

Japan’s Nikkei falls more than 2% on AI spending worries

By Junko Fujita TOKYO, July 24 (Reuters) - Japan's Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent ​Alphabet shares spurred concerns about heavy AI ‌spending. The Nikkei was down 2.69% at 64,634.04 as of 0112 GMT, ...

Nikkei 225 falls hard: did Alphabet reveal AI boom’s most expensive flaw?

Japan’s Nikkei fell sharply on Friday as Alphabet’s spending plans revived doubts over how quickly the artificial-intelligence boom will translate into cash returns for the companies funding it. The Nikkei 225 dropped 2.69% to 64,634.04 in early trading, while the broader Topix lost 1.28% to 4,002.09. The gap reflected concentrated selling in the technology heavyweights that dominate the Nikkei. The benchmark has now fallen more than 7% in July …

Google Has the Muscle to Overpower Spending Worries

AI investment and delays are concerns, but the company’s core businesses look strong.