WS #16644
Following the Nasdaq's worst monthly performance since March 2025, Asian equities opened mixed with a focus on tech sector resilience. Apple faces its first earnings test under new CEO John Ternus amidst surging memory costs, while Microsoft's AI chief warned against reckless conscious AI development, signaling regulatory and ethical headwinds. The persistent weakness in megacap technology suggests that the AI investment cycle may be facing a necessary correction rather than a temporary dip.
Tech Rout Continues
Following the Nasdaq's worst monthly performance since March 2025, Asian equities opened mixed with a focus on tech sector resilience. Apple faces its first earnings test under new CEO John Ternus amidst surging memory costs, while Microsoft's AI chief warned against reckless conscious AI development, signaling regulatory and ethical headwinds. The persistent weakness in megacap technology suggests that the AI investment cycle may be facing a necessary correction rather than a temporary dip.