Stocks fall on AI cash burn worries while bonds rally with oil
NEW YORK/LONDON, Oct 30 : A sharp selloff in Wall Street's tech shares pushed MSCI's global index down more than 1 per cent on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning AI investments may not deliver sufficient returns. Shares in chipmaker Intel plunged 28 per cent
30 Oct 16:46 · CNA