Japan’s Nikkei falls as much as 3% as chip stocks slide
Japan’s Nikkei share average fell as much as 3% on Friday, led by chip-related stocks, amid concerns about the sustainability of AI spending. The selloff followed overnight Wall Street losses, with Amazon and Intel earnings adding impetus.
Japan's Nikkei share average dropped as much as 3% on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.Tokyo tracked overnight losses on Wall Street, given additional impetus by late earnings from Amazon.com NASDAQ:AMZN and Intel NASDAQ…