Topic
ai spending
Finance South Korea's Kospi tumbles 6% as SK Hynix miss, AI spending fears trigger chip rout
South Korea's benchmark Kospi index plunged 6% on Wednesday, closing at 5,663.24, its lowest since early April. The selloff was led by a 9.4% drop in SK Hynix after quarterly earnings missed forecasts, and a 4.8% decline in Samsung Electronics. Renewed concerns over high AI valuations and China's progress in low-cost AI models weighed on the sector, with regional markets like Japan's Nikkei and Taiwan's Taiex also falling.
Business Tech Stocks Tumble on AI Spending Fears, Nasdaq Sheds 2% as Chipmakers Slide
Technology stocks suffered a sharp sell-off on Tuesday, with the Nasdaq falling about 2% as concerns over the sustainability of AI spending triggered a wave of selling. Chipmakers Nvidia and Intel were hit hardest, and newly public SpaceX experienced a volatile session. Analysts are split on whether the pullback is a temporary pause or the start of a larger retreat.
Technology India's Top IT Firms Set for Muted Q1 as AI Spending Fails to Lift Growth: Report
India's leading IT services companies are likely to post muted Q1 FY27 results, with growth constrained as clients prioritize cost-cutting over large-scale technology spending, according to an Equirus Securities report. AI adoption is accelerating but funded through productivity gains, not increased budgets. Revenue growth for top six firms is expected between -1.7% and 1.1% QoQ.