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Stock Market Sell-off Continues, As Google Boss Warns ‘no Company Immune’ If Ai Bubble Bursts – Business Live

Rolling coverage of the latest economic and financial news, as shares fall across Asia and bitcoin hits a seven-month low

Europe’s major share indices are down by more than 1%, as the sell-off spreads across global markets.

The UK’s FTSE 100 index fell by 0.9%. Germany’s Dax is down 1.3%, France’s CAC and Italy’s FTSE Mib both lost 1.5%, and Spain’s Ibex dropped 1.6%.

It’s been a challenging start to the week as markets brace for two key events: Nvidia’s earnings tomorrow night and the US payrolls report on Thursday.

For now, equities remain under pressure, with the S&P 500 (-0.92%) posting a third consecutive loss [on Monday] for the first time since September and marking its worst three-day run since April (-2.61%) with futures down another half a percent as I type this morning. Concerns swirling around the AI trade pushed Nvidia (-1.88%) to another decline.

“I think [OpenAI] can be very successful as a company but at the same time I’m very nervous about the size of these investments in these data centres. That’s the particular thing that I am concerned about.”

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Stock Market Sell-off Continues, As Google Boss Warns ‘no Company Immune’ If Ai Bubble Bursts – Business Live

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