Google CEO Sundar Pichai warned that no company is immune to a potential collapse of the AI investment cycle, citing 'very elevated' valuations. His comments coincided with a broader sell-off in tech equities, with the FTSE 100 falling 1.35% to a one-month low.
Zacks highlights NVIDIA over Palantir due to easing China chip restrictions and booming data center demand strengthening AI growth outlook.[3]
Tech rout expanded to chipmakers like AMD (double digits drop), with software vs. chipmakers debate intensifying amid AI capex surge.[4]
Global tech selloff deepened with tepid earnings from Arm, Qualcomm, and Alphabet, wiping hundreds of billions from stocks; software ETF lost $1 trillion in 7 days.[1]
Asian markets experienced tech weakness, with stocks tracking a US tech-driven selloff; AMD fell on disappointing AI forecasts.
US equity futures paused amid a global selloff driven by tech stocks sensitive to Anthropic's automation tool, with investors eyeing Alphabet and Qualcomm results.
Asian stocks rebounded on AI optimism, with technology shares leading gains.
Nintendo's profits disappointed investors.
Samsung Electronics extended gains up to 10% driven by memory chip performance, leading Asian tech rebounds.
Palantir Technologies shares rose in after-hours trading after issuing a stronger-than-expected revenue forecast.
The AI boom is eroding Apple’s supply chain advantage as AI hyperscalers aggressively bid for chips, memory, and components, driving up DRAM and NAND costs and pressuring Apple's margins.