AI Arms Race Intensifies: Investors Nervous as Tech Giants Push Boundaries

Business
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CNBC TV18•05-02-2026, 11:41
AI Arms Race Intensifies: Investors Nervous as Tech Giants Push Boundaries
- •AMD shares saw their steepest fall in nearly a decade due to underwhelming AI forecasts, raising doubts about its competitiveness.
- •Alphabet announced a massive $185 billion capital expenditure plan for 2026, signaling a deep AI push but unsettling markets.
- •Nvidia's potential AI chip sales to China's ByteDance face regulatory hurdles, highlighting geopolitics' role in AI's future.
- •Hindustan Aeronautics (HAL) Ltd. shares fell 5.5% after Morgan Stanley trimmed its target price.
- •UN Secretary-General Antonio Guterres warned of the organization's 'imminent financial collapse' due to unpaid dues.
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