Japan's Nikkei Falls Over 2% on AI Spending Concerns

Japan's Nikkei share average dropped more than 2% on Friday as a decline in Google parent Alphabet sparked worries over heavy AI spending

Justin Tomlinson

Editor-in-Chief, Mora Discover

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Japan's Nikkei Falls Over 2% on AI Spending Concerns

Japan's Nikkei share average fell by more than 2% on Friday, driven by growing investor concerns surrounding heavy spending on artificial intelligence. The market decline was triggered by a sharp drop in the shares of Google's parent company, Alphabet, which raised anxieties about the massive financial investments required for AI development.[1][2]

During the trading session, the Nikkei index fell 2.69% to stand at 64,634.04 as of 0112 GMT. The downward trend also impacted the broader Japanese market, with the Topix index slipping 1.28% to reach 4,002.09.[2]

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