Asian equities declined following Wall Street’s tech selloff, triggered by Nvidia’s slump and concerns over an overextended rally. Investors are reducing tech positions amid worries the rally has moved too fast, with attention shifting to Jerome Powell’s upcoming speech at Jackson Hole.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays