Fragile Markets: AI Costs Shake Global Shares

Global shares fell as Meta and Microsoft warned of increasing AI costs, sparking concerns among investors. Despite strong U.S. economic growth, the mood remained cautious with anticipated reports from Amazon and Apple. The dollar fluctuated, and upcoming economic and political events kept investors wary.

Global markets saw a downturn as tech giants Meta and Microsoft cautioned about rising expenses linked to artificial intelligence, causing investor apprehension about the timeline for returns on this heavy spending.

This cautionary atmosphere prevailed despite robust U.S. economic growth figures, with anticipation building ahead of key reports from Amazon and Apple.

In currencies, the dollar showed volatile movements, influenced by various economic indicators and political developments, as investors remained cautious of upcoming major announcements and events.

(With inputs from agencies.)