Nikkei 225 Drops 1.61% as AI Safety Concerns Hit Tech Stocks
Japan's Nikkei fell 1.61% Monday as AI safety warnings from OpenAI and Anthropic leaders hit tech and semiconductor stocks, while the Topix gained.
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Japan's Nikkei fell 1.61% Monday as AI safety warnings from OpenAI and Anthropic leaders hit tech and semiconductor stocks, while the Topix gained.
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Sam Altman says OpenAI will delay its IPO past 2026 due to AI safety concerns, while Anthropic pushes forward with its own planned listing.
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Saudi AI firm Humain has begun IPO preparations just 16 months after launch, following a wave of major tech partnerships and investments.
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Nvidia's stock jumped nearly 9% after earnings beat forecasts, pushing its market value above $5 trillion on continued AI chip demand.
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Nvidia beat earnings estimates and forecast 70% revenue growth for fiscal 2028, sending its stock up 4% after results.
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Alibaba shares fell after the company priced a $10.2 billion share sale to fund AI infrastructure spending following a steep profit drop.
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Nvidia's earnings this week will test the AI stock rally, with analysts expecting revenue near $92 billion.
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Taiwan raised its 2026 GDP forecast to 11% on AI demand, but economists warn the growth may not be sustainable long term.
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OpenAI's CFO says the company plans to go public by 2027, even as it faces executive turnover and competition from Anthropic's own IPO push.
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ECB economists warn that AI driven stock valuations are likely to face a correction, even if the optimism behind them proves accurate.
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Databricks raised $5 billion at a $190 billion valuation after investor demand for the round reached $15 billion.
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SpaceX shares dropped after its first earnings report showed AI spending jumped sixfold, overshadowing higher revenue and a shrinking loss.
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