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Asian stocks rise as AI capex ramps up, oil at six-week highs | live
By Ankur Banerjee SINGAPORE, July 23 (Reuters) - Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East pushed oil prices to six-week highs. Earnings from Alphabet and Tesla showed no slowdown in the vast spending on AI infrastructure, with the search giant raising its capital expenditure plans for the year.
By Ankur Banerjee SINGAPORE, July 23 (Reuters) - Asian stocks rose on Thursday after U.S. technology firms outlined significant capital spending plans that are likely to benefit chipmakers in the region, while the escalating war in the Middle East pushed oil prices to six-week highs. Earnings from Alphabet and Tesla showed no slowdown in the vast spending on AI infrastructure, with the search giant raising its capital expenditure plans for the year.
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