HONG KONG, Oct 9 — Asian stocks headed into the weekend on a mixed note on Friday with tech weighed by renewed concerns about the AI investment boom, while support came from a drop in oil prices after Donald Trump ruled out a pre-election strike on Iran.
The outlook for artificial intelligence has provided a fresh boost to the tech sector in recent weeks, with some optimism for the upcoming earnings season. Chip titan Nvidia this week hit a record high and closed in on the US$6 trillion (RM24.5 trillion) market capitalisation.
That was dealt a blow by a Financial Times report saying OpenAI, the maker of ChatGPT, expected to make US$50 billion in annualised revenue this year, far less than the US$70 billion flagged previously.
