Business · Markets · 2 hrs ago

Nasdaq-100 loses 2,700 trillion won in a month as tech shares slide

Nasdaq-100 loses 2,700 trillion won in a month as tech shares slide

The Nasdaq-100 lost 2,700 trillion won in a month as technology shares came under pressure.

Intel shares fell 28.58% after a sharp earnings setback, the company’s biggest one-day drop in 52 years.

The chipmaker supplies processors for PCs and data centres, and investors are weighing weak results against possible future sales from rising demand for AI data.

Alphabet shares dropped 12.6% as weaker search advertising and faster cash use added to concerns about funding its AI investment.

Meta announced a plan to raise $97.5 billion, while Microsoft is seeking to issue about $25 billion in bonds to support its AI spending.

Investors are weighing AI growth against its cost for companies’ finances.

Whether rising data demand, advertising revenue and cloud growth can offset investment and borrowing costs remains an open question.

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