Tech Stocks Shed Over $1 Trillion as AI Profit Doubts Mount
Image
Global – October 19, 2026 -- Tech stocks shed over $1 trillion on Friday as investors grew nervous that AI companies may not turn sustainable profits, NBC reported.
Microsoft also pulled out of a giant AI cloud deal in the UK, according to Gizmodo. The report adds to concerns about the economics of large-scale AI infrastructure.
China weighs curbs on overseas access to its AI models
China is considering restricting overseas access to its AI models, Bloomberg reported. Beijing is also looking at curbing the sharing of chip designs, among other measures. Any such limits would affect foreign developers and buyers that rely on Chinese models.