Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption

Engineer working with statistical analysis report. Digital technology and Artificial Intelligence (AI) concept. Kmatta | Moment | Getty Images Wall Street’s fears around artificial intelligence-driven disruption affecting software companies made their way into Asia on Wednesday, with tech stocks in the region tracking declines overnight in U.S. peers. Japanese software firms in Asia led declines…

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Tesla (TSLA) Q4 2025 earnings

Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla reported better-than-expected fourth-quarter results after the bell on Wednesday, but revenue for the year dropped 3%, the first time on record the company has recorded an annual decline. The stock rose 3% in extended…

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One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models

BEIJING — Chinese companies are accelerating the rollout of new artificial intelligence models as competition with U.S.-based rivals OpenAI, Anthropic and Google intensifies. Just over a year ago, China-made DeepSeek rocked global markets with the release of an AI chatbot that undercut OpenAI’s ChatGPT on usage fees and production costs, raising questions about the efficacy…

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Nikkei 225, Hang Seng Index

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets traded mixed Thursday after Wall Street closed lower amid rising geopolitical tensions and comments from U.S….

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Waymo, Zoox and Tesla drive 2025 robotaxi boom

Robotaxis felt like science fiction just a decade ago, but this year, autonomous vehicles became a commonplace option for paying passengers across big cities in the U.S. and parts of Asia. Alphabet-owned Waymo kept expanding and dominates the robotaxi market in the U.S., though rivals Tesla and Amazon-owned Zoox also launched the first versions of…

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