Asian Stocks Plunge as AI Valuation Worry Hurts Chipmakers

Will AI crown the first trillionaire? Famous investor Mark Cuban thinks so. And one of the industry's leading researchers, Yoshua Bengio of Element AI, says the industry is set to cause mass disruption.

“Now investors are starting to question if the return on investment is coming through,” Randy Abrams, head of Taiwan research at UBS Global Asset Management, said in a Bloomberg TV interview. “They are a bit nervous as some of the macro data is not as strong.” More broadly, investors are monitoring conflicting cues to kick off September, a historically volatile month for stocks. While China’s economic funk continues to weigh on sentiment, there are also expectations that the Federal Reserve will begin cutting interest rates in its upcoming meeting, providing a boost for equities.

Shares of China’s organic light emitting display producers rise after a Nikkei report said Apple plans to use OLED displays in all of its iPhone models sold from next year. Shares of Australia’s iron ore miners, including Fortescue and Rio Tinto, track global peers lower after iron ore prices held below $95 a ton on Wednesday. Copper stocks also fell after Goldman Sachs exited a long-term bullish position on the commodity and slashed its 2025 price forecast by almost $5,000, citing shrinking demand in China.Japan’s Topix Index fell 3.7%; Japan’s Nikkei Index fell 4.

Sanergy Group rebounded after regulator scrutiny and a margin-unwind on Tuesday nearly wiped out all of its market value. TSMC drops, leading declines in Asian semiconductor-related stock after a record value wipe-out in Nvidia Corp. Fuji Soft Inc.’s stock surged to above the price offered in Bain Capital’s surprise ¥600 billion buyout bid, signaling expectations for a rare Japan bidding war with KKR & Co.Risks related to corporate earnings and geopolitics are likely to constrain the outlook for European stocks, according to Citigroup strategists, who remain neutral on the region and overweight US equities.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks plunge in market sell-off, Nasdaq closes 3.4% lowerMarkets turned blood red on Monday, closing the session lower after widespread selling activity: the Dow Jones Industrial Average (^DJI) sank by 1,033 points...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks plunge: Nikkei down 13%, European shares near six-month lowsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Bitcoin price crashes 19.5% in 24 hours, gold & stocks plunge in red Monday sell-offThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Crypto market, stocks plunge on broadening sell-offAs stock market indexes tumble on Monday (^DJI, ^IXIC, ^GSPC), the cryptocurrency market is sinking in response. Bitcoin (BTC-USD) prices have plummeted over...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stocks plunge on recession fears, Palantir earnings on tap: Yahoo FinanceEquity markets (^DJI, ^IXIC, ^GSPC) continue to struggle into Monday’s afternoon trading session, following a weekend plunge triggered by growing recession...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

S&P/TSX composite down nearly 300 points, U.S. stocks rebound after plunge MondayThe dramatic stock market losses in recent days were unexpected, but one Canadian portfolio manager says investors should refrain from interpreting them as a sign that the North American economy is tipping into recession.
Fuente: SooToday - 🏆 8. / 85 Leer más »