Tag: Standard&Poor’s 500-Stock Index

Stocks Sink on Anxiety About Tech and A.I. Spending

Media Library

Stocks around the world tumbled on Friday, dragged down by a sell-off in the big technology companies developing artificial intelligence after signs of increasing competition from China intensified investor unease around eye-popping spending on A.I. The S&P 500 fell 1 percent, taking its loss for the week to 1.6 percent, led lower by the biggest tech companies. The tech-heavy Nasdaq Composite index declined 1.4 percent. Stock markets in China, Japan and across Europe also fell. Signs of investor concern were most apparent in the Philadelphia Semiconductor index, a benchmark for…

How Silicon Chips Rule the World

Chin@Strategy

When I first arrived in Taiwan as a college student in the summer of 1973, there was no ambiguity whatsoever about the American role on the island. Over the previous two years, President Richard M. Nixon and his national security adviser, Henry Kissinger, had opened relations with the People’s Republic of China in Beijing. But a short distance away in Taiwan, which the People’s Republic considers a breakaway province, U.S. Air Force jets soared overhead. There was a U.S. base right in Taipei, within walking distance of my favorite bookstore.…