ChipsGuardian Technologyabout 3 hours ago
Chip stocks slide after Broadcom boss likens AI investing to casino
3 min read
Shares in semiconductor companies fell on Tuesday after Broadcom boss Hock Tan compared AI investors to casino gamblers. South Korea's Kospi index tumbled 6.25% while Samsung Electronics shares dropped 7.4%. Tan noted OpenAI annualised revenues of $50bn but warned it is still losing money because they are spending a lot on training.
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