AI Boom Falters as Markets Crumble | Bermuda News

Global markets plunged this week as chipmakers stumbled, triggering sell-offs across Asia and Europe while the U.S. braced for a rocky start — all amid growing doubts about the AI boom’s longevity. Taiwan’s market suffered its worst day since tariffs hit, China and Hong Kong also tumbled, while Europe, less tech-heavy, held up slightly. Surprisingly, oil prices surged on Gulf tensions, while the dollar stayed steady despite cooling Fed hike bets — the yen neared a 40-year low, sparking intervention warnings from Tokyo. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a59f80d7e5f1a012