Pendal: AI profitability concerns drive tech stock sell-off
Bitget2026/11/02 05:37- Australian inflation points to a likely RBA rate increase to 4.85% on Melbourne Cup Day, with markets pricing an approximately 81% probability.
- Cooling housing prices and softer consumer spending could restrain activity, despite persistent inflation pressures.
- AI investment faces greater scrutiny over returns and cash generation as weaker core businesses trigger sharp technology stock declines.
- The US 10-year yield fell 9 basis points to 4.91% as investors sought Treasuries amid the technology sell-off.
- Renewed conflict with Iran risks an energy shock that could reignite inflation concerns and pressure equity valuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Crypto prices
More
