US EditionWorld Shares Are Mixed After AI Worries Drag Wall Street Tech Stocks Lower
Investor concerns about inflated AI valuations and the Federal Reserve's rate pause hint triggered tech and chip stock declines, with Oracle's $10 billion data center funding stalled.
- On Thursday, Asian markets sank after another Wall Street sell-off, with the Nasdaq Composite down 1.81%, the Nikkei 225 leading losses at 1.23%, and SoftBank Group Corp sliding 7.25%.
- Investor concern surfaced as markets fretted the Federal Reserve's hint it could pause rate cuts next month and questioned whether AI spending will yield timely returns this year.
- A key blow came when Blue Owl Capital reportedly pulled out of financing Oracle's $10 billion Michigan data center, while semiconductor suppliers Advantest, Lasertec, Renesas Electronics and Tokyo Electron fell 3% to 5%.
- Regional markets reacted unevenly, as Tokyo shed more than one percent and Seoul also fell while Samsung Electronics eased 0.93% and SK Hynix gained 0.73%, with oil rising over one percent after Washington said US forces killed four `narco-terrorists`.
- Looking ahead, major AI commitments include SoftBank and OpenAI partnership and a $10 billion AI investment plan, fueling 2026 reset chatter and sector bubble fears.
78 Articles
78 Articles
Asia markets struggle after Wall Street slides amid broad-based tech
Asia stock markets trade mixed on Thursday after Wall Street closed sharply lower overnight as global technology shares came under pressure amid concerns over elevated valuations and aggressive spending on artificial intelligence.
Channel News Asia
Asian markets track Wall Street lower as AI fears mount
HONG KONG: Asian markets sank on Thursday (Dec 18) after another sell-off on Wall Street as worries over the tech sector's colossal spending on artificial intelligence continued to dog investor sentiment.Hopes for an end-of-year rally have been dealt a blow after the Federal Reserve last week hinted that it c
Winnipeg Free Press
US stocks jump after an encouraging inflation update, as Micron helps AI stocks stop their slide
Breaking News, Sports, Manitoba, Canada
US AI Downdraft Weights on Asia Tech - China Last Night
Key News Asian equities must have missed Micron’s outstanding results after the US close, as growth stocks regionally were off, as South Korea underperformed. Oracle and US AI rolling over clearly has a knock-on effect on Asia’s AI and chip ecosystem, including SK Hynix, Samsung, and TSMC. I’m less convinced that broader Asia tech is geared to the US AI spending spree, though markets are telling me I’m wrong. At the same time, holiday season vol…
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