World Stocks Slip as AI Spending Worries Weigh on Chipmakers
World stocks edged lower as concerns about AI spending weighed on chipmakers, with investors awaiting more U.S. corporate earnings.
By Sruthi Shankar and Chibuike Oguh, world stocks edged lower on Tuesday as concerns over AI spending pressured chipmakers. Investors awaited further US corporate earnings for signs of whether large technology companies can justify their heavy capital expenditure. Brent crude futures also fell.