Stocks Slump and Bonds Surge as AI Spending Worries Investors
Asian tech shares fell, the yen rose and bonds surged toward their biggest monthly gain in nearly three years. Alphabet shares fell 12.6%.
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05:10:26 AM UTC
SquawkNews
Tech shares sank on Friday, while the yen rose and bonds surged toward their biggest monthly gain in nearly three years, as investors scurried to safety from worries that huge and rising AI spending may not deliver sufficient returns.Shares in Google parent Alphabet NASDAQ:GOOG fell 12.6% on Wall S…
Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.Shares in Google parent Alphabet NASDAQ:GOOG fell 12.6% on…