Skip to main content
All News
earnings Bearish

AI investors or casino gamblers? What Broadcom CEO Hock Tan said that sparked sharp global AI selloff

Economic Times 13 October 2026 at 09:28 am 1 min read 1 views Read Original
AI investors or casino gamblers? What Broadcom CEO Hock Tan said that sparked sharp global AI selloff

Global AI stocks plunged after Broadcom CEO Hock Tan warned that investors are treating artificial intelligence like gambling, raising concerns about excessive valuations and unsustainable spending. He questioned OpenAI’s long-term profitability despite strong revenue growth. South Korea’s Kospi and Japan’s Nikkei declined, while Indian IT stocks rallied amid the global technology selloff.

#earnings