Asian Shares Slide as Alphabet’s Revenue Miss Rekindles AI Cost Fears
Photo: TokenPost
Asian equities moved lower Thursday as technology earnings revived concern over the cost of artificial-intelligence investment, with Alphabet’s after-hours decline adding pressure to markets across the region. Alphabet fell nearly 10% in after-hours trading after its third-quarter revenue missed expectations across its core divisions. The results renewed concern about the expense of the industry’s AI push. South Korea’s KOSPI lost about 6% Tuesday and triggered a five-minute program-trading halt during a technology and semiconductor selloff.
Source: TokenPost
