50 Days
Source:
الاقتصادية
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Source: الاقتصادية
50 Daysالاقتصادية
Source: الاقتصادية
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Asian stocks and U.S. stock index futures declined after major AI companies called for a slowdown in technology development, amid concerns about the impact on the AI sector, which led the market recovery earlier this year. The MSCI Asia-Pacific Index fell by 0.5%, and the KOSPI Index, reflecting the performance of AI companies, dropped by 2.1%. Stocks of chip companies such as SK Hynix and Samsung Electronics also declined, while SoftBank Group's stock plummeted by up to 13% following statements indicating they may not issue new shares this year. Futures for the Nasdaq 100 and S&P 500 decreased by 1.1% and 0.4%, respectively. Oil prices rose above $107 per barrel after attacks on Saudi pipelines, while the dollar remained stable, and U.S. Treasury yields fell. There is growing concern that slowing AI development could threaten sector growth and investments, with estimates suggesting the risks may reach over 10%. Industry officials warning of potential reductions in spending and profits have emerged, as major companies like OpenAI and X.A.I. move to implement independent valuations and more stringent regulations.
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