AI Spending Concerns Weigh on Global Chip Stocks as Earnings Disappoint

A closely watched earnings season is adding pressure to global chipmakers as investors weigh the cost of AI expansion against the durability of demand. New concerns followed Amazon.com’s large capital-spending figures and Intel’s weaker-than-expected sales forecast, which pointed to sluggish demand for PC processors. Asian chip stocks fell as investors questioned whether spending on AI infrastructure will generate enough returns to justify its cost.