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The Guardian - UK

Business

Joanna Partridge

Global stock markets fall sharply over AI bubble fears

Stock Market Palantir United States Jim Reid Michael Burry Nvidia Europe Asia Bitcoin

A dealer works in front of monitors at the Hana Bank in Seoul, South Korea — Asian markets recorded the sharpest slide in seven months on Wednesday. Photograph: Jeon Heon-Kyun/EPA

Global stock markets have fallen sharply amid concerns that a boom in valuations of artificial intelligence (AI) companies could be rapidly cooling.

Markets in the US, Asia and Europe have fallen after bank bosses warned a serious stock market correction could lie ahead, after a run of record stock market highs led some companies to appear overvalued.

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