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The IMF said a sharp correction in AI stocks could spread through global markets, citing elevated valuations, government borrowing costs and cyber threats as potential catalysts for tighter financial conditions. It said Asian markets are particularly exposed outside the U.S.
(Adds blog post) STOXX 600 up 0.6% AI jitters, earnings in focus Wal St futures mixed Broadcom CEO says AI investing like "casino gambling" Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at Ai Jitters, But The Stoxx Still Rises Markets may
CEO Hock Tan said capital will be Broadcom’s biggest constraint as AI development continues, and compared some broader AI investment to casino gambling.
CEO Hock Tan said capital will be the biggest constraint facing Broadcom as AI development continues.