{
  "id": 17259217,
  "title": "Stocks fall on AI cash burn worries while bonds rally with oil",
  "url": "https://urgent.news/2026/10/30/stocks-fall-on-ai-cash-burn-worries-while-bonds-rally-with-oil",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T16:46:32.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/stocks-fall-ai-cash-burn-worries-while-bonds-rally-oil-6505761"
  },
  "original_language": "en",
  "account": "On Friday, Wall Street's tech shares experienced a significant decline, causing the MSCI's global index to drop more than 1 percent. This caused investors to seek refuge in US bonds due to concerns over the high cash burn in AI investments, as some companies did not expect to see sufficient returns. Intel's shares plummeted by 28 percent, while Amazon's shares fell by 1.9 percent after both companies reported heavy cash burn in their AI-related developments. Intel also disclosed a slowdown in PC demand, predicting that it might persist throughout the year. Alphabet, Google's parent company, saw further losses on Friday, with its substantial AI spending turning the company's cash flow negative and its search business facing intense competition. This morning's market turmoil was attributed, in part, to AI spending, according to Gene Goldman, the chief investment officer at Cetera. Goldman also highlighted the impact of rising oil prices due to attacks in the Middle East and concerns over a hack at Binance, the world's largest cryptocurrency exchange. Cryptocurrency prices fell, including Bitcoin, which dropped 1.80 percent to $77,424.37. Outside the tech sector, energy stocks such as Exxon Mobil and Chevron remained robust, posting strong profits from refining margins driven by supply disruptions from Ukrainian attacks and the US-Israel conflict with Iran. On Wall Street, the Dow Jones Industrial Average fell by 0.73 percent, the S&P 500 dropped by 1.61 percent, and the Nasdaq Composite declined by 2.61 percent. MSCI's global stock gauge decreased by 1.4 percent. The yen gained ground for the third consecutive day, driven by the Bank of Japan's decision to hold rates steady and revise up its inflation forecast. Meanwhile, the dollar weakened slightly against the yen and the euro. US 10-year and 30-year bond yields declined, reflecting investors' shift towards safe havens. Oil prices continued their upward trajectory, with US crude and Brent crude rising by 2 percent and 2.4 percent, respectively, amid apprehensions over the US-Iran conflict. Precious metals, including gold and silver, experienced a decline, with gold reaching a one-year low and silver falling below $50 an ounce.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}