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Tech stocks fell on concerns that a historic surge in AI-related shares may be turning, as investors questioned the financing of the huge buildout underway. South Korea’s market — heavily exposed to chip giants Samsung and SK Hynix — sold off sharply, leading a decline in Asian tech shares. Investors appear to have grown wary of investment in AI data centers: BlackRock’s research arm downgraded its outlook for tech-driven US stock markets, an Australian Nvidia-backed data center operator withdrew its IPO, and bond-market investors demanded increasing premiums for debt from tech firms. “A lot of investors have no clue what they are investing in,” Broadcom’s CEO said this week, “only to find out that it’s almost like they are in a casino.”
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