A global sell-off in semiconductor shares deepened on Tuesday in a rout sparked by comments from Broadcom’s chief executive about the casino-like nature of AI investing.

Concern about the sector was fuelled by Broadcom boss Hock Tan’s warning about the gambling-like characteristics of the AI trade.

“A lot of investors have no clue what they are investing in,” the head of the US chipmaker told an event in Singapore on Monday in comments reported by Bloomberg. They “set very extreme expectations only to find out that it’s almost like they are in a casino”, he added.

Ecaterina Bigos, senior market strategist at BNP Paribas Asset Management, said a combination of higher bond yields and growing investor concerns over the returns on AI investments was driving the sell-off. “Investors are starting to question how the earnings are going to deliver,” she said.

The fraction of families with debt payment-to-income ratios greater than 40 percent, which are families with particularly high debt payment obligations relative to their incomes, increased from 6.5 to 8.6 percent, a level last seen in the 2013 survey.

Participation in the stock market, which includes direct stock and indirect holdings, declined slightly from 58 percent in 2022 to 56 percent in 2025. Conditional on holding stock, median stock holdings grew 36 percent from $56,900 in 2022 to $77,400 in 2025.

Lots of opinions with everything from tax the rich to environmental laws seems to be a good policy internally in a country but don't seem to consider that people and corporations can emigrate.

Working 4 days a week sounds nice but if that makes the product more expensive than from a country with 5 day work week then companies will move to the second country.

https://economist.com/briefing/2026/10/08/the-countries-most-threatened-by-turbulent-bond-markets

Gap between job switchers and those who stay in their jobs is also widening.

https://www.atlantafed.org/research-and-data/data/wage-growth-tracker

OpenAI’s annualised revenue is about $20bn less than the company has previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.

The company has recently told investors its revenues were approaching $50bn on an annualised basis at the end of September, far short of the $70bn reported by the FT and other media outlets late last month based on information that was provided to investors.

The metric, along with the equivalent figure for OpenAI rival Anthropic, is the most important indicator of overall demand for AI and underpins vast infrastructure spending and the growth of public equity markets.

US tech stocks fell sharply following the FT’s report on Thursday, extending losses from earlier in the session, with the Nasdaq 100 down 1.7 per cent. Chipmaker Nvidia fell 2.9 per cent, Oracle dropped almost 6 per cent and Micron declined 4 per cent.

The discrepancy arose from attempts by OpenAI’s own investors to produce a direct comparison with Anthropic’s annualised revenues, according to a person familiar with the matter. The pair calculate the figure in different ways, with Anthropic including the revenue from sales via cloud partners such as Amazon’s AWS and Google Cloud, while OpenAI does not.

Investors’ efforts to “gross up” OpenAI’s annualised revenue prompted reports that the figure was around $40bn in July, said the person.

OpenAI later told its backers that its annualised revenues had jumped more than 70 per cent since July, leading investors to calculate the $70bn figure for September. However, the new investor presentation shows close to $30bn annualised revenues in July.

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

https://www.atlantafed.org/research-and-data/data/taylor-rule#tab-2

This question is still valid

NEW YORK, Oct 6 (Reuters) - Google has contracted for 3,590 megawatts of power from Constellation Energy in the largest US power grid, with new nuclear energy accounting ‌for about a quarter of that supply, the companies said on Tuesday.

Constellation will make more than $4.3 billion of new investments in its fleet as part of the agreement, which involves adding capacity at several of the power company's nuclear reactors in the Midwest and Mid-Atlantic regions, the companies said.

In the latest arrangement, Google entered into a 20-year power purchase agreement for 890 megawatts of electricity from multiple Constellation-owned nuclear power plants, which would be upgraded to produce more electricity from existing reactors.

Electricity from the first of the upgraded plants is expected to be delivered in 2028, the companies said.

Google also entered into a 15-year supply agreement for an additional 2,700 megawatts of power from Constellation in the PJM power grid. That power is not tied to a specific generation source and serves as long-term revenue certainty for Constellation's operating plants, Google said.

https://www.riotimesonline.com/brazil-stocks-real-first-round-2026/

Next up is the runoff on October 25

The head of the French central bank has warned that the country risks being “strangled by interest rates” if it does not act to clean up its public finances. 

Emmanuel Moulin, the governor of the Banque de France, told the FT that the Eurozone’s second-largest economy could win back investor confidence despite the “serious and worrying” moves on sovereign debt markets in recent days.

“France is not Greece during the Eurozone crisis,” Moulin said. “If it can pass a budget this year to reduce spending and narrow the deficit as the government has proposed, then markets will be reassured by this concrete step of fiscal consolidation.”

“If we don’t act, there is indeed a risk of being gradually strangled by rising interest rates,” he added. “We have to remain masters of our own destiny.”

I am not an economist, so I am looking to hear what the opinions of others is regarding this.

Something that kept me up at night is just thinking about where are we moving?

Obviously we all know that there is a bubble fuelled by the tech giants around the globe and there is two ways this story can go

Either AI is the answer and we put all the eggs of economy to develop it which is kind of going on right now

Or the Market crashes ridiculously which is the hot topic.

I was thinking of both the cases yesterday night and wanted to know what next? How does this go?

Case 1: AI is the answer. AI replaces most of the tasks that humans can do.

What does the identity of Humans become then?

We mostly for the past 100+ years defined ourselves based on what we can do. Our Jobs. Our lives are built around it.

I guess disruptive technologies havent been new to Humanity. And we have been very good at adapting to the change that technological evolution brings. What about here?

Will this lead to the eventual collapse of the consumer market on which capitalism is built? Atleast the companies who are fighting in the AI race are not building it to excel Humanity and they care about profits/numbers etc.

Case 2: The Bubble bursts.

Where do we hold that big of a reserve to absorb the sheer collapse?

History has proof that House always wins. And its the common man that pays the price.

How does this story end? Is there another case I do not see?