Business & Finance
Big Tech’s Deepening AI Funding Concerns Sink Asian Chip Stocks
Key Points
Big Tech’s Deepening AI Funding Concerns Sink Asian Chip Stocks A crucial earnings season for the fate of the artificial intelligence trade is falling flat, fueling stock losses in global chipmakers as worries mount over soaring costs and the durability of demand. The latest triggers included massive capital spending figures at Amazon.com Inc. and a weaker-than-expected sales forecast from Intel Corp. on sputtering demand for PC processors. These further fanned concern over the staggering...
Big Tech’s Deepening AI Funding Concerns Sink Asian Chip Stocks
A crucial earnings season for the fate of the artificial intelligence trade is falling flat, fueling stock losses in global chipmakers as worries mount over soaring costs and the durability of demand.
The latest triggers included massive capital spending figures at Amazon.com Inc. and a weaker-than-expected sales forecast from Intel Corp. on sputtering demand for PC processors. These further fanned concern over the staggering cost of financing the AI boom and whether those massive investments will pay off.