Tech stocks slide as investors fret AI overspending

South Korea’s market — heavily exposed to chip giants Samsung and SK Hynix — sold off sharply, leading a decline in Asian tech shares. Tech stocks fell on concerns that a historic surge in AI-related shares may be turning, as investors questioned the financing of the huge buildout underway. South Korea’s market — heavily exposed to chip giants Samsung and SK Hynix — sold off sharply, leading a decline in Asian tech shares. Investors appear to have grown wary of investment in AI data centers: BlackRock’s research arm downgraded its outlook for tech-driven US stock markets, an Australian Nvidia-backed data center operator withdrew its IPO, and bond-market investors demanded increasing premiums for debt from tech firms. “A lot of investors have no clue what they are investing in,” Broadcom’s CEO said this week, “ only to find out that it’s almost like they are in a casino.”