WS #16152
Bitcoin fell to $81,400 amid a tumble in Asian chip stocks, reflecting broader risk-off sentiment in tech. HSBC CEO Georges Elhedery warned that the AI boom won't make every data center a good bet, emphasizing the importance of tenant quality and contract pricing. Additionally, DeepSeek open-sourced its inference engine, DeepInfer, which could disrupt the proprietary AI model landscape. These factors are tempering the bullish AI narrative and pressuring high-multiple tech names.
AI & Tech Sentiment Cooling
Bitcoin fell to $81,400 amid a tumble in Asian chip stocks, reflecting broader risk-off sentiment in tech. HSBC CEO Georges Elhedery warned that the AI boom won't make every data center a good bet, emphasizing the importance of tenant quality and contract pricing. Additionally, DeepSeek open-sourced its inference engine, DeepInfer, which could disrupt the proprietary AI model landscape. These factors are tempering the bullish AI narrative and pressuring high-multiple tech names.