Global Tech Stocks Slide As AI Investment Concerns Mount

Global technology stocks tumbled Thursday as rising interest rates, expensive valuations and intensifying Chinese competition weakened investor confidence in artificial intelligence investments, according to CNN.

Nasdaq futures fell 1.1% after the index recorded its steepest decline since July. Nvidia-backed data centre provider CoreWeave dropped 6% in premarket trading following a 15.5% plunge Wednesday. Oracle also extended its losses.

Recent US inflation figures have raised concerns that borrowing costs could increase the expense of financing AI infrastructure. Taiwan Semiconductor Manufacturing Company also warned of demand challenges linked to higher component prices and economic uncertainty.

Competition from Chinese chipmakers is adding pressure. However, analysts at Jefferies expect upcoming earnings reports to show that demand for AI products remains strong.

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AI-related stocks tumbled globally in a selloff led by highly indebted data-center builders like CoreWeave. Michael Browne of Franklin Templeton told Reuters the rising cost of borrowing has led investors to offload AI companies' debt https://t.co/TYiYNh0Aa1

— Reuters (@Reuters) October 15, 2026

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