AI and tech sell-off accelerates, oil price sinks below $US90 | Finance Report | ABC NEWS
It was another bad day for tech, AI and chip stocks including Samsung, SK Hynix and Nvidia.
Investors have lingering concerns about the huge amounts being spent by tech giants on artificial intelligence projects, with an uncertain return on investment.
Meanwhile, the ASX finished trading 0.6 per cent higher as the price of Brent crude oil dropped to its lowest level in a week after Donald Trump claimed the US is having “good talks” with Iran.
Presented by David Chau.
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