Asian Chip Stocks Extend Losses as AI Jitters Spread

Asian chip stocks extended their losses as concerns over artificial intelligence (AI) valuations and demand spread through the market. The selloff in chip stocks comes amid growing unease about the sustainability of the AI boom, which has driven significant gains in the sector over the past year. Traders are bracing for a volatility surge as the AI jitters spread, with investors reassessing their positions. In this episode of Bloomberg: The Asia Trade, hosts Haidi Stroud-Watts and Paul Allen provide live coverage from Sydney, offering insight and analysis from newsmakers and industry leaders. The program covers the biggest stories shaping global markets, including breaking news that Russian President Vladimir Putin has proposed a meeting with Donald Trump and Xi Jinping on Ukraine. The show delivers everything viewers need to know to get ahead as the trading day begins in Asia, with in-depth discussions and expert commentary. From market movements to geopolitical developments, The Asia Trade keeps investors informed and prepared.