AGP Executive Report
Last update: 6 hours agoAI Sell-Off: Wall Street’s tech rout deepened Friday: the Nasdaq fell 2.9% and Intel plunged 28.6% after its weak fourth-quarter outlook highlighted PC-market strain, despite surging data-center sales. Disappointing results and mounting concerns over Big Tech’s AI spending also hit Amazon, Alphabet and chipmakers. Global Outlook: Taiwan’s third-quarter GDP grew 14.36%, beating forecasts, and ING raised its 2026 growth projection to 13.1%. By contrast, Fitch cut France’s outlook to negative, citing rising debt and weak growth; US public debt has also topped GDP for the first time since 1946. What’s Next: US midterm elections, jobs data and results from companies including Apple and AMD are set to test markets already wary of AI spending and uncertain returns.
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