AI stocks tumble and drag down markets worldwide as oil prices climb

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• Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them

  Brent crude rose 2.6% to $111.66 a barrel, its highest in five months, as AI-linked stocks slid and pulled the Nasdaq down 1.5% and the S&P 500 down 0.8% by mid-morning in New York. Asian markets also fell sharply, with South Korea's Kospi down 3.52%, Japan's Nikkei 225 down 2.65% and Hong Kong's Hang Seng down 3.03%, while China's CSI 300 entered a bear market. Nvidia fell 2.3% and Meta dropped 5.8% after its profit missed forecasts. The 10-year Treasury yield rose to 5.03% from 3.97% before the Iran war, ahead of the Fed's Oct. 28 decision. Citadel founder Ken Griffin said investors are 'almost certainly' in an AI bubble, though he did not tell them to sell.

  Yahoo Finance·22/10, 17:33▼ SPY▼ NVDA▼ QQQ▼ VNINDEXoil pricesS&P 500bonds
• Asian Stocks Fall on AI Funding Worries Despite China GDP Growth

  Asian stock markets fell on Monday as worries over the cost and returns of AI investment outweighed stronger-than-expected Chinese data and lower oil prices. Japan's Nikkei dropped 1.2% after losing 5.4% last week, South Korean shares slipped 0.4% after a weekly decline of over 14%, and Taiwan fell 1.4%. China's third-quarter GDP grew 4.5%, slightly above expectations, while the yuan strengthened to 6.6828 per dollar. Brent crude fell 1.7% to $107.95 a barrel after Trump waived certain Russia sanctions, though Iran reported another tanker hitting a mine in the Strait of Hormuz. Gold gained 0.4% to $4,181 an ounce as falling bond yields boosted demand, while Goldman Sachs estimates five major AI hyperscalers could raise combined capital expenditure to about $1.2 trillion next year.

  econotimes.com·19/10, 03:30▼ VNINDEXAsiaAI investmentoil prices
• Asian Stocks AI Funding Fears Weigh on Markets

  Asian share markets turned cautious on Monday as investors questioned whether AI's enormous funding needs are sustainable, ahead of a busy week of earnings announcements. The euro came under pressure after riots across France, while a drop in oil prices eased pressure on bond markets and US stock futures. The oil price fall followed Donald Trump's decision to waive certain sanctions on Russia, but his later remark that a final decision was still pending left investors uncertain about the direction of US policy.

  en.shafaqna.com·19/10, 03:00▼ VNINDEXAsiaAI investmentDonald Trump
• SK Hynix plunges 8% amid Asia tech rout as Fed rate hike fears, AI funding worries mount

  Global technology hardware stocks extended their sell-off on Thursday, with Asian chipmakers following Wall Street's losses. SK Hynix fell over 8% and Samsung Electronics dropped 7.1%, while LG Innotek, Seoul Semiconductor and Samsung SDI lost between 6.8% and 8.1%. In Japan, SoftBank Group fell 7.9% and Advantest 6.9%, with Tokyo Electron and Renesas Electronics each down 5.4%. Investors fear further Federal Reserve rate hikes could raise borrowing costs for massive AI infrastructure spending, after hotter-than-expected U.S. inflation data drove a sharp Wall Street sell-off, with the Nasdaq Composite down 1.88% to 26,692.87, the S&P 500 down 1.11% to 7,718.94 and the Dow Jones down 0.09%.

  CNBC·15/10, 00:42▼ NVDA▼ QQQ▼ BTC/USDT▼ EUR/USDsemiconductorsFedinterest rates
• World shares are mostly higher after US stocks rally on strong earnings

  World shares were mostly higher on Wednesday after a broad Wall Street rally. Germany's DAX rose 0.5% to 25,423.64 and Britain's FTSE 100 gained 0.1% to 10,743.65. In Asia, Seoul's Kospi jumped 3.3% and Tokyo's Nikkei 225 rose 0.9% after Japan's exports climbed 16.7% in September from a year earlier, while Hong Kong's Hang Seng and the Shanghai Composite fell. On Tuesday, the S&P 500 added 0.3% and the Dow rose 1%, helped by Equifax (up 11.3%) and Hasbro (up 11.2%), while General Motors sank 6.8% despite a bigger profit and a plan to buy back up to $20 billion of stock. Brent crude climbed 1.1% to $109.95 a barrel early Wednesday, while worries over AI stocks and high interest rates continued to weigh on markets.

  goskagit.com·21/10, 10:00▲ SPY▲ QQQWall Streetearningsoil prices
• Asian Markets Trade Mixed

  Asian stock markets are trading mixed as inflation worries tied to crude oil eased on reports of a possible peace deal between the U.S. and Iran, mediated by Pakistan and Qatar. The S&P/ASX 200 slipped 10.80 points (0.12%) to 8,806.10 after Reserve Bank of Australia Deputy Governor Andrew Hauser said inflation was 'materially worse', and markets now price a 44 percent chance of a November rate hike, up from 30 percent on Monday. Japan's Nikkei 225 gained 748.13 points (1.17%) to 64,823.55, led by exporters, financials and technology stocks. NextDC shares plunged almost 40 percent after it slashed guidance on power delays at its M3 data centre in Melbourne. Japan's September merchandise trade deficit was 536.6 billion yen, wider than the forecast 181.0 billion yen, as exports rose 16.7 percent on year, short of expectations of 20.1 percent.

  finanznachrichten.de·21/10, 05:15Asiaoil pricesIran

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• Mark Zuckerberg makes deal with Meta to help him pay California billionaire tax, if it passes

  According to filings published this week, Mark Zuckerberg reached a deal with Meta's board to help him pay a proposed California wealth tax without losing his ownership stake in the company. The one-time 5% tax on net worth above $1 billion goes to voters in the election concluding Nov. 3; with his net worth estimated by Forbes at more than $220 billion, his liability would exceed $11 billion. Under the deal he remains the majority owner and can sell some new non-voting shares “for any reason,” including to pay tax bills, and he has committed to stay in California for eight years unless “material unforeseen circumstances” arise. He had considered selling his Palo Alto home last month before striking the deal. Supporters including SEIU United Healthcare Workers West and Sen. Bernie Sanders back the tax, while Gov. Gavin Newsom has warned it could prompt the state's wealthiest to leave.

  Yahoo Finance·22/10, 19:15Mark ZuckerbergtaxesCalifornia
• Why Waste Connections Stock Is Up Today

  Waste Connections (WCN) shares rose 10.65% on Thursday after the company raised its cash dividend. Third-quarter revenue grew 7% year over year to $2.6 billion, and adjusted net income rose 7% to $399 million. Earnings per share, helped by buybacks, climbed 10% to $1.58, beating the $1.52 Wall Street estimate. The company raised its full-year outlook to $10.1 billion in revenue, $1.2 billion in net income and more than $1.4 billion in adjusted free cash flow, and lifted its quarterly dividend 10% to $0.385 per share.

  Yahoo Finance·22/10, 19:15Waste Connectionsdividendsearnings
• Mayo Lake Minerals Provides Particulars of 2026 Program to Finalize Targeting for 2027 Diamond Drilling Program on the Anderson Gold Trend

  Mayo Lake Minerals (CSE: MLKM) is raising up to $700,000 through a private placement, with flow-through funds going to reprocess soil geochemistry to prioritize up to six drill targets and to run 3D magnetic inversion on buried intrusions. Its work on the 86 sq. km. Anderson Gold Trend suggests most prospects are low-grade, bulk-minable Reduced Intrusion-Related Gold Systems (RIRGS), with possible higher-grade epithermal veins nearby. Dawn Gulch and Andy Owl show RIRGS characteristics, while Norman points to epithermal veins. At Andy Owl, a 640m RC program intercepted a gold structure continuous for 50m along strike, with one hole grading 0.9g Au/t over 3.1m. The company aims to select its best gold targets for diamond drilling in spring-summer 2027.

  Yahoo Finance·22/10, 19:10goldminingmineral exploration
• Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Control

  Meta's board approved non-voting Class C stock on 19/10, and from 19/1/2027 Class A and Class B holders will each receive one Class C share per share held, in effect a 2-for-1 split. Zuckerberg holds about 60.6% of the vote on a 13.4% economic interest, and the structure lets Meta sell equity without diluting his voting power. According to the SEC filing, advisers at Moelis told the board Meta could raise about $700 billion over several years before his voting power fell below 50%, while CFO Susan Li called the “hundreds of billions” figure “a theoretical maximum” and said Meta has nothing to announce on equity financing. The size and timing of any equity sale have not been disclosed.

  Decrypt·22/10, 19:06• METAMETAAI investmentfundraising
• Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Control

  Meta's board approved non-voting Class C stock on 19/10, and from 19/1/2027 Class A and Class B holders will each receive one Class C share per share held, in effect a 2-for-1 split. Zuckerberg holds about 60.6% of the vote on a 13.4% economic interest, and the structure lets Meta sell equity without diluting his voting power. According to the SEC filing, advisers at Moelis told the board Meta could raise about $700 billion over several years before his voting power fell below 50%, while CFO Susan Li called the “hundreds of billions” figure “a theoretical maximum” and said Meta has nothing to announce on equity financing. The size and timing of any equity sale have not been disclosed.

  Yahoo Finance·22/10, 19:06• METAMETAAI investmentfundraising
• Trump asked Musk to lift Starlink slowdown, WSJ reports

  The Wall Street Journal reported Thursday, citing U.S. officials, that President Donald Trump asked Elon Musk to ease restrictions on the military-grade Starshield system that Ukraine relies on. U.S. and Ukrainian officials said the system was working more normally shortly after Trump spoke to Musk by phone. The WSJ had earlier reported that Musk ordered the Starlink slowdown, and two sources said Trump and Musk discussed the decision, though Trump has repeatedly denied involvement. Sen. Richard Blumenthal launched an inquiry into how SpaceX's satellite technology was degraded for Ukraine without notice.

  CNBC·22/10, 19:05Elon MuskDonald TrumpStarlink