A significant selloff in technology stocks has deepened, with the slump extending into Asia as investors express growing concerns over inflated valuations and substantial spending on artificial intelligence. This trend has led to a reduction in investor exposure to tech stocks, as reported by Bloomberg's Mark Cranfield.

In India, officials are engaged in a public debate regarding the implementation of age restrictions for social media access, reflecting growing concerns about online harms to children in a country with a vast digital user base. This discussion comes amid increasing scrutiny of Big Tech companies and their role in safeguarding young users online.

Tata Power's Managing Director and CEO, Praveer Sinha, announced an anticipated demand of 1 GW of power driven by artificial intelligence capacity during an interview with Paul Allen on Bloomberg's Insight with Haslinda Amin. This projection highlights the growing intersection between energy needs and technological advancements in AI.

Taiwan-based Silicon Motion has reported a better-than-expected revenue forecast for the first quarter, leading to a surge in its US-listed shares. CFO Jason Tsai indicated that the company anticipates further growth from new projects despite challenges posed by rising component and memory costs.

Taiwan Semiconductor Manufacturing Co. (TSMC) has announced plans to manufacture advanced 3-nanometer chips in Japan, marking a significant step in its semiconductor manufacturing strategy and a notable achievement for Prime Minister Sanae Takaichi's technology initiatives.

Baidu Inc. has announced plans to issue its first dividend and initiate a stock buyback program worth up to $5 billion, a significant move aimed at rewarding investors after a prolonged decline in the company's market value.

Alphabet has raised its capital expenditure outlook for 2026 to as much as $185 billion, significantly exceeding analyst expectations of $119.5 billion. This ambitious spending plan is aimed at expanding its data centers and infrastructure to maintain a competitive edge in the rapidly evolving AI landscape. The company's fourth-quarter sales reached $97.23 billion, surpassing forecasts, indicating strong financial performance.

A significant selloff in stock and credit markets has been triggered this week, marking a stark contrast to previous AI-driven downturns since the emergence of ChatGPT. The current rout is characterized by widespread declines across various sectors, reflecting deepening concerns about the sustainability of AI investments.

Tech stocks continue to face pressure as investors express concerns over the risks associated with advancements in artificial intelligence (AI), leading to a notable rotation away from software stocks. Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, highlighted that while these fears are valid, they tend to amplify themselves in the market.