Asian shares were mostly lower on Friday after another sell-off in AI stocks pushed the S&P 500 to its worst day since July. On Thursday, the S&P 500 fell 1.2% and the Nasdaq dropped 2.6%, though most U.S. stocks rose; Nvidia fell 4.4%, CoreWeave dropped 10.1% and Meta lost 7% despite stronger-than-expected quarterly revenue. Concerns over the cost of borrowing to build data centers and buy AI chips have made AI stocks volatile. Brent crude rose to $113.73 per barrel, its highest since May, amid worries about the war with Iran. The yield on the 10-year Treasury fell to 4.97% from 5.13% as investors sought safer assets.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on dailygazette.com ↗
Keywords
NVDAoil pricesartificial intelligenceAsia
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
Asian shares were mostly lower on Friday after a fresh slump in AI stocks, with Japan's Nikkei 225 down 1.7% to 61,825.26 and South Korea's Kospi down 2.4%. In the U.S., the S&P 500 fell 1.2% on Thursday and the Nasdaq composite dropped 2.6%, the S&P's worst day since July, even though most U.S. stocks rose; Nvidia fell 4.4%, Meta 7% and CoreWeave 10.1%. Investors have worried that the AI boom is under threat from the high cost of borrowing for data centers and chips, and that prices rose too high during a years-long frenzy. Brent crude was up 0.5% at $113.73 a barrel early Friday after a 4% jump on Thursday, amid uncertainty over when the war with Iran will end, while the 10-year Treasury yield fell to 4.97% from 5.13% as investors sought safer assets.
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump – Winnipeg Free Press
Asian shares mostly fell after a fresh slump in artificial-intelligence stocks weighed on markets worldwide, while oil prices rose to their highest since May on worries about the war with Iran. Tokyo's Nikkei 225 lost 1.7% to 61,825.26, South Korea's Kospi fell 2.4%, and Hong Kong's Hang Seng gained 0.2%. On Thursday, the S&P 500 fell 1.2% and the Nasdaq composite tumbled 2.6%, though most U.S. stocks rose. Nvidia dropped 4.4% and CoreWeave fell 10.1% over debt worries, while the 10-year Treasury yield eased to 4.97% from 5.13%.
- Asian shares slip as sharp drops for AI stocks overwhelm markets worldwide and oil prices jump
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares were mostly lower in cautious trading on Tuesday as AI-related stocks rebounded on Wall Street while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 fell 0.6% to 64,512.35, South Korea's Kospi dropped 2.8% to 5,605.31, and Hong Kong's Hang Seng slipped nearly 1.0% to 23,947.37. The S&P 500 rose 0.4% to 7,690.73 after its worst week since June, the Nasdaq gained 1.1%, and the Dow Jones dipped 0.1% to 51,966.03. The 10-year Treasury yield climbed to 5.14%, benchmark U.S. crude rose to $103.50 a barrel and Brent to $109.47, while uncertainty persists over when the war with Iran will let the energy industry return to normal.
Related markets
Latest news
- SpaceX may not follow Meta's bold plan to raise money for AI
JPMorgan analyst Doug Anmuth said SpaceX (SPCX) told him it is not considering raising equity, pointing instead to several available pools of debt capital. Management guided to $35 billion to $40 billion in fourth-quarter capex, up from $19.6 billion in the third quarter, and the company ended the quarter with $36.1 billion in debt. SpaceX is reportedly eyeing a $40 billion capital raise with Goldman Sachs and Apollo. Moffettnathson analyst Julie Zhu said the earnings call underscored large capital needs in the coming years, particularly in AI, following a series of deals and projects including the Cursor acquisition and a new Starbase in Louisiana.
- Stocktwits Wall Street Wrap: Analysts Turn Bullish On SpaceX, Tesla, But Netflix And Chipotle Face Fresh Downgrades Amid Growth Concerns
Analysts turned more positive on SpaceX (SPCX) and Tesla (TSLA) as revenue outlooks and merger speculation fueled optimism, and the two companies set up independent board committees to explore closer ties, including a possible merger. Phillip Securities upgraded SpaceX to 'Buy' with a $250 price target, and Bank of America raised its target to $275; SpaceX now projects $33 billion to $37 billion in Q1 2027 revenue, above the roughly $22 billion analysts had expected. BNP Paribas and CLSA both upgraded Tesla, with price targets of $420 and $400. Goldman Sachs upgraded CoreWeave (CRWV) to 'Buy' but cut its target to $106 from $139, even as the stock fell 38.4% since Aug. 11. Wolfe Research and Needham downgraded Netflix (NFLX), citing higher spending that has not kept viewers engaged and slowing revenue growth.
- Stock market today: Dow, S&P 500, Nasdaq wobble after sharp tech sell-off
US stock futures wobbled on Friday as worries over the AI trade lingered after a steep tech sell-off sparked a flight to bonds. Dow futures fell 0.2% and S&P 500 futures dropped 0.2%, while Nasdaq 100 futures were little changed after semiconductors and Big Tech sold off Thursday. Concerns over rising financing costs and a possible slowdown in capex weighed on neocloud stocks such as CoreWeave (CRWV), with Nvidia (NVDA) and AMD also retreating. Oil stayed near a five-month high, with Brent touching $113 per barrel and WTI near $100 per barrel. Yahoo Finance reported that Tesla's (TSLA) surprise $5 billion cut to capex plans has not shaken confidence in a large Cybercab network, with Morgan Stanley analyst Andrew Percoco's modeling assuming a fleet of 5 million by end-2040.
- Russia and Ukraine trade fresh strikes despite renewed push for U.S.-brokered peace talks
Russia launched a major attack on Ukraine's energy facilities, knocking out electricity for over 500,000 people in several regions, and Ukraine's Energy Ministry said restoration work had begun where security allowed. Russia's Defense Ministry said air defense forces intercepted and destroyed 443 Ukrainian drones overnight. The strikes came after U.S. special envoy Steve Witkoff met Vladimir Putin on Wednesday, and Putin said Moscow was ready to resume U.S.-mediated talks with Kyiv in November. An energy ceasefire announced by President Donald Trump on Oct. 11 has yielded no meaningful result, and Zelenskyy said Ukraine was ready for a ceasefire but needed strong security guarantees.
- Warren Buffett's Successor, Greg Abel, Has 32% of Berkshire Hathaway's $364 Billion Portfolio Invested in 3 Unstoppable AI Stocks
Greg Abel took over Berkshire Hathaway after Warren Buffett retired as CEO on Dec. 31, and has reshaped the $364 billion portfolio, dumping 16 stocks in the first quarter. Three AI-focused stocks, Apple, Alphabet, and Bending Spoons, now account for roughly 32% ($115.7 billion) of the portfolio. Apple is the largest position at $78.28 billion, or 21.5% of invested assets, while Alphabet is valued at $36 billion (9.9%) after Abel more than tripled the stake in the first quarter and bought around $17 billion more in the second quarter. Berkshire also agreed to buy 10 million Bending Spoons shares at $33 per share in a private placement, on top of a position worth $1.44 billion (0.4%).
- Stock-Split Watch: Is ASML Next?
ASML shares have gained 189% over the past three years, trailing the 247% rise in the PHLX Semiconductor Sector index, and now trade above $1,600 per share. The article argues that management could carry out a forward stock split to make the shares more attractive to retail investors, though this would not change the company's fundamentals, and many brokerages now offer fractional share purchases. In the third quarter, ASML reported revenue of 11.66 billion euros, up 55% year over year, after selling 113 lithography systems versus 66 a year earlier, with EUV machines used for AI chips driving the gains. The company expects 14.7 billion euros in revenue this quarter, a 51% increase, and plans to raise advanced chipmaking equipment capacity by 30% in 2027. Customers are reportedly interested in orders for 2029 and 2030, and ASML trades at 27 times forward earnings, below its five-year average of 33.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.