Massive AI spending and higher interest rates: What's behind the tech sell-off?
Tech stocks around the world fell on Tuesday, with the flagship Nasdaq index closing 2.2 percent down at the end of the session. In this edition, we look at how markets reacted this Wednesday and some of the reasons why investors sold their shares: massive projected capital expenditure on AI, as well as the prospect of higher interest rates. Also, we examine Spain's pioneering climate leave policy.
By Bryan Quinn, Charles PELLEGRIN
Tech stocks around the world fell on Tuesday, with the flagship Nasdaq index closing 2.2 percent down at the end of the session.
In this edition, we look at how markets reacted this Wednesday and some of the reasons why investors sold their shares: massive projected capital expenditure on AI, as well as the prospect of higher interest rates.
Also, we examine Spain's pioneering climate leave policy.