Tech stocks slide on AI spending worries, elevated yields
Asian markets edged lower as investors worried about the large sums needed for AI investment amid elevated yields and energy prices.
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AI euphoria back with a bang lifts stocks near record highs
Global stocks rallied on Monday, with the Nasdaq approaching its June record high, driven by renewed optimism around artificial intelligence. Investors also reacted positively to a fourth consecutive decline in global oil prices.
Axon shares slide nearly 8% as rates and margin worries hit
Axon Enterprise shares fell nearly 8% Tuesday to about $522, extending Monday’s decline. The move was tied to rising Treasury yields and lingering investor concern about post-earnings margin compression and heavy spending.