TREE NEWS update: US AI-related stocks continued to decline, with Nvidia falling 3% for a seventh straight session, while Alibaba’s HK$80 billion share placement to fund AI infrastructure triggered a 10% drop in its Hong Kong shares. The market is shifting from AI narrative-driven valuations to demanding cash flows and returns, and all eyes are on Fed Chair Warsh’s speech at Jackson Hole on Friday for policy direction.
US AI stocks retreat, market awaits Fed’s Jackson Hole
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