AI spending concerns weigh on global equities, UBP says

Bitget2026/11/02 16:06

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UBP sees concerns over AI investment returns driving the technology sell-off rather than deteriorating earnings prospects.
The Nasdaq fell 2% last week, entering correction territory at 10% below its early-October peak.
S&P 500 third-quarter earnings growth reached 30.2%, with 60% of companies reporting.
Hyperscalers and data center developers issued more than USD 313 billion of investment-grade bonds this year, almost triple the 2025 total.
AI-related investment-grade credit spreads widened 14 basis points since July to 100 basis points.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bancaire Privee UBP SA published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.

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.

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AI spending concerns weigh on global equities, UBP says

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