Stocks dip on AI jitters, big banks kick off US earnings season | live
By Sruthi Shankar Oct 13 (Reuters) - World stocks dipped on Tuesday as renewed AI concerns hit high-flying chipmakers and drove investors to the safety of government bonds, while big Wall Street banks kicked off the US quarterly reporting season. Reports of progress by Chinese memory chip maker CXMT fuelled concerns about increased competition from China's AI players, while Broadcom CEO Hock Tan likened some of the flows into the broader AI sector to "casino gambling".
By Sruthi Shankar Oct 13 (Reuters) - World stocks dipped on Tuesday as renewed AI concerns hit high-flying chipmakers and drove investors to the safety of government bonds, while big Wall Street banks kicked off the US quarterly reporting season. Reports of progress by Chinese memory chip maker CXMT fuelled concerns about increased competition from China's AI players, while Broadcom CEO Hock Tan likened some of the flows into the broader AI sector to "casino gambling".
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