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Chipmakers Extend Skid as AI Jitters Persist
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth straight day on worries over whether the buildout of AI infrastructure has outrun the ability of firms to get a return on their investments. Meantime, Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime. On today's episode: - Mike McKee, Bloomberg News International…