Asian stocks mixed as tech sector struggles to rebound from selloff
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Asian stocks showed mixed results as the technology sector struggled to recover from a selloff. Investors expressed impatience for returns from artificial intelligence. This comes as major Wall Street companies including Microsoft, Alphabet, and Amazon indicated they will continue investing in chips and data centres.
Artificial intelligence (AI)-linked firms were hit by another wave of selling as Wall Street giants including Amazon, Alphabet and Microsoft signalled they would keep pouring money into data centres and chips even as investors grow impatient for returns.