October 31, 2026

Asia chip firms see strong AI demand; market jitters continue

TOKYO/TAIPEI Oct 30 (Reuters) – Asian chip supply chain companies said on Friday ‌that AI-related demand remained strong, while investor concerns persisted over whether the massive investments in AI infrastructure would generate adequate returns. Foxconn (2317.TW), opens new tab Chairman Young Liu told reporters at a company event that AI was not in a bubble and

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Reddit shares plunge as Google’s AI search squeezes traffic

Oct 30 (Reuters) – Reddit (RDDT.N), opens new tab shares tumbled 29% on Friday, marking their biggest single-day drop and hitting their lowest level in over a year, after the company warned that Google’s AI-powered search was ‌hurting referral traffic and could shrink its user base. The online discussion platform still appears in Google search results

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