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Global markets turn risk-off as AI optimism fades

Global equity markets take a sharp risk-off turn as investors continue to question AI spending and higher yields. Overnight, Meta's third-quarter revenue beats expectations with annual capex set to top at $145 billion, but Tesla shares are lower after hours despite higher gross margins as the company plans to scale back its own capital spending plans.

Global markets turn risk-off as AI optimism fades

Global equity markets take a sharp risk-off turn as investors continue to question AI spending and higher yields. Overnight, Meta's third-quarter revenue beats expectations with annual capex set to top at $145 billion, but Tesla shares are lower after hours despite higher gross margins as the company plans to scale back its own capital spending plans.

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