21 Hrs
الاقتصادية
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الاقتصادية

2026-10-20T06:00:11.085Z

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Tech Stocks Fall Amid AI Concerns

Tech Stocks Fall Amid AI Concerns

Technology sector stocks are facing renewed pressure due to shifts in investor sentiment towards AI-related shares, ahead of key earnings reports expected to reveal the sustainability of growth in this sector. The Korean "KOSDAQ" index declined by 3.5%, and the share of "SK Hynix" reached its lowest closing level since April. Additionally, shares of "Elis," a data center infrastructure company, plummeted by as much as 33% on their first trading day. The NASDAQ halted its gains with only minimal increases, while U.S. Treasury bond prices fell, and investor concerns led to rising yields amid ongoing tensions in global markets. Markets are now keenly awaiting earnings from major tech companies such as "Meta," "Tesla," and "Netflix" this week, amidst fears that rising borrowing costs and oil prices could impact the sector’s future growth.

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