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Asian tech stocks are set to come under pressure, tracking a selloff in US chipmakers as speculation over OpenAI’s revenue revived concerns about the sustainability of the artificial-intelligence spending boom.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Factors include high fuel prices, higher interest rates, the weak New Zealand dollar, continued high unemployment.
US regulator finds ‘systemic’ failures that left $13bn in suspicious transactions unreported
Key PointsBroadcom stock declined after OpenAI revealed that its annualized revenue was lower than had been reported.
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
OpenAI’s annualized revenue reportedly fell short of expectations — but analysts say that reflects differences in how the figure is reported, not weakness in AI demand.
