Asian shares slide and bonds surge on AI spending
Asian tech shares slumped and global bonds rallied as surging artificial intelligence spending by major firms sparked investor concern over returns. Alphabet and Intel shares dropped sharply following negative cash flow reports, while safe-haven currencies gained ground.
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Xurve View
Asian tech shares tumbled on Friday morning and safe-haven assets surged as soaring artificial intelligence spending by major technology companies sparked widespread investor concern over financial returns. The sell-off erased hundreds of billions of dollars in market value across global equity exchanges. The sharp market correction highlights growing anxiety that capital expenditure outlays may outpace near-term profitability.
