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Global tech giants' spending spooks investors and drives bonds rally

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Global tech giants' spending spooks investors and drives bonds rally

Home / Markets / News / Global tech giants' spending spooks investors and drives bonds rally

US bonds rally as investors question returns on massive AI investments; crypto slides after Binance hack concerns, while oil rises on Strait of Hormuz risks

Technology stocks slide as investors question the returns on massive artificial intelligence investments.

Reuters 3 min read Last Updated : Oct 30 2026 | 11:42 PM IST

Global tech shares slumped on Friday and US bonds surged toward their biggest monthly gain in nearly three years,

as investors scurried to safety due to worries that huge and rising spending on artificial intelligence (AI) may not deliver

Futures trading pointed to falls on Wall Street later in the session, including a more than 2.5 per cent drop in the techheavy Nasdaq 100. That came alongside an out-of-hours plunge of 25 per cent in Intel shares and a drop of 6 per cent in Amazon as their results showed they burned through cash. Shares in Alphabet fell 12.6 per cent on Wall Street on Thursday and slid a little further after hours, to wipe out stunning $500 billion in market value, as massive AI spending turned the company’s cash flow negative.

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