EconomyAI Stocks Slide as TSMC Outlook Fails to Ease Bubble Fears

Global tech stocks fell as the AI-trade selloff accelerated, driving investors toward the safety of bonds. TSMC’s better-than-expected revenue outlook did not ease concerns about whether the global AI buildout can be sustained. Bloomberg learned that Anthropic told prospective investors its third-quarter revenue reached $16.8 billion as it advances plans to go public.