WS #12708
Alphabet and Tesla lead tech selloff on AI capex concerns; Alphabet down ~7%, Tesla down ~15% on Q2 miss; Google and Tesla lost over $500B combined in a week. US imposes 10-12.5% Section 301 tariffs on 60 countries including India, South Korea, Japan, effective immediately, impacting trade-exposed sectors. NVIDIA and SK Group announce $500B+ AI and semiconductor partnership including 2GW AI factory in South Korea and next-gen HBM co-development.
Tech Earnings and AI Capex Concerns
Alphabet and Tesla lead tech selloff on AI capex concerns; Alphabet down ~7%, Tesla down ~15% on Q2 miss; Google and Tesla lost over $500B combined in a week.
US imposes 10-12.5% Section 301 tariffs on 60 countries including India, South Korea, Japan, effective immediately, impacting trade-exposed sectors.
NVIDIA and SK Group announce $500B+ AI and semiconductor partnership including 2GW AI factory in South Korea and next-gen HBM co-development.