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via thehindubusinessline.comMarkets

AI trade reversal pierces Asia's star picks-and-shovels stocks

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

The pressure intensified last week as oil surged to $110 a barrel for the first time since May, stoking inflation concerns, and investors turned their attention to the trillions of dollars being borrowed to build AI infrastructure

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishPressure on Asian AI stocks and rising oil weigh on regional market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Asia's AI picks-and-shovels stocks came under pressure last week.
  2. 02Oil surged to $110 a barrel for the first time since May.
  3. 03Investors focus on the trillions of dollars being borrowed to build AI infrastructure.

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