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BackIs Taiwan stock market going to be bad tomorrow? Nasdaq plummets before opening, Taiwan index futures turn green at night
Is Taiwan stock market going to be bad tomorrow? Nasdaq plummets before opening, Taiwan index futures turn green at night
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自由时报1 hour agoBusiness2 min readChinaView original

Is Taiwan stock market going to be bad tomorrow? Nasdaq plummets before opening, Taiwan index futures turn green at night

alphabetUS stocksfinancial report

Quick Look

  • Alphabet's third-quarter financial report fell short of market expectations, causing its stock price to plummet more than 10% before the market opened, dragging down the performance of U.S. stock futures.
  • The market's doubts about the return on AI investment continue.
  • Technology stocks such as Huida, Micron and TSMC ADR have been weak before the market opens, and Nasdaq futures have fallen significantly.

AI-generated summary

Why It Matters

Alphabet announced its third-quarter financial results, and both adjusted earnings per share and revenue fell short of market expectations. The market continues to be skeptical about the return on AI infrastructure spending.

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U.S. stocks were weak in pre-market trading on Thursday. (Bloomberg)

Spending on AI infrastructure continues to rise, and investors have lingering doubts about the return on AI investments. In addition, Google parent company Alphabet announced a third-quarter financial report on the 28th that was lower than market expectations. The stock price plummeted by more than 10% before the market opened on Thursday (29th), dragging down the pre-market trend of U.S. stocks. Nasdaq fell more than 300 points before the market opened. Huida, Micron and TSMC ADRs were unable to recover before the market opened. The Taiwan Index futures even fell by more than 400 points in night trading.

CNBC reported that U.S. stock market futures were under pressure on Thursday (October 29), and the latest financial reports of companies became the focus of the market. Among them, Google parent company Alphabet’s adjusted earnings per share and revenue in the third quarter fell short of market expectations. The stock price fell 10% before the market opened on Thursday.

AI stocks were generally weak before the market opened as the market's doubts about the return on investment in AI persisted. At 20:33 Taipei time on the 29th, Micron fell 3% before the market opened, Huida fell 0.5%, and TSMC ADR fell 1.9% before the market opened.

The Dow Jones fell 155 points before the market opened, the S&P 500 fell 30 points before the market opened, and the Nasdaq fell 356 points before the market opened. The Taiwan Index futures fell 227 points in overnight trading, and once plunged more than 400 points during the session, hitting 46,126 points.

Open Questions

  • Will Alphabet adjust its subsequent financial forecast?
  • Is there a broader sell-off in the AI ​​sector?

Related Topics

alphabet
OrganizationsAlphabetGoogleHuidaMicron
TopicsUS stocksfinancial reportaiHuidaTSMC adr
This article was originally published by 自由时报.

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