Asia Markets Waver as AI Fears Grow Ahead of Apple Earnings

WHO:

Bloomberg Markets - Shery Ahn and Haidi Stroud-Watts hosted “The Asia Trade,” with newsmakers and industry leaders providing market insight.

Yahoo Finance (Reuters) - Apple, Nvidia, Intel, AMD, Goldman Sachs, Binance, the Federal Reserve, and Iranian and Qatari mediators were mentioned in the market report.

Yahoo Finance (Reuters) - Ben Snider was identified as Goldman Sachs’ chief US equity strategist.

Bloomberg Markets - Technology shares and artificial-intelligence investors were central to the reported market concerns.

WHAT:

Yahoo Finance (Reuters) - Asian share markets steadied as investors looked to Apple’s earnings for relief from concerns about AI-related spending and cash burn.

Yahoo Finance (Reuters) - Analysts expected Apple to report quarterly earnings per share of $2 and revenue of $113 billion, compared with EPS of $1.85 in the same quarter a year earlier.

Yahoo Finance (Reuters) - Apple shares had risen for four consecutive months, helping the company overtake Nvidia as the world’s most valuable listed company.

Yahoo Finance (Reuters) - S&P 500 futures rose 0.4% and Nasdaq futures gained 0.8%; the Nasdaq fell almost 7% in October, its worst month since the April 2025 tariff selloff.

Yahoo Finance (Reuters) - Intel shares fell nearly 29% on Friday, raising concerns for other chip companies, including AMD.

Yahoo Finance (Reuters) - Goldman Sachs analysts estimated hyperscaler capital expenditure at $800 billion this year and $1.2 trillion in 2027. They projected S&P 500 EPS growth would slow from nearly 30% in 2026 to 18% the following year.

Yahoo Finance (Reuters) - Snider wrote: “Earnings growth is strong, but it is no longer accelerating,” and said Q3 results supported the view that AI investment spending would grow while its growth rate was peaking.

Yahoo Finance (Reuters) - Binance withdrawals added to market unease after the exchange went back online following hackers’ theft of billions from the platform.

Bloomberg Markets - Asian stocks were set to fall after a sharp Wall Street selloff deepened concerns that the AI rally had gone too far.

WHERE:

Yahoo Finance (Reuters) - Japan’s Nikkei fell 0.1%; South Korea’s market rose 0.8%; and MSCI’s broad Asia-Pacific index excluding Japan slipped 0.2%.

Yahoo Finance (Reuters) - EUROSTOXX 50 and DAX futures each rose 0.1%, while FTSE futures were unchanged.

Yahoo Finance (Reuters) - US midterm elections were cited as a potential source of additional political hurdles for data centers.

WHY:

Yahoo Finance (Reuters) - Investor concern centered on AI companies’ negative cash flow and the scale of their capital spending; the cost of insuring against corporate defaults rose sharply the prior week.

Yahoo Finance (Reuters) - Goldman Sachs analysts said earnings growth remained strong but was no longer accelerating, while the growth rate of AI capital expenditure appeared to be peaking.

Yahoo Finance (Reuters) - Investors considered whether a sustained stock-market selloff could deter the Federal Reserve from raising interest rates in December.

HOW:

Yahoo Finance (Reuters) - Apple was viewed as relatively insulated from AI cash-burn concerns because it does not spend billions of dollars on data centers.

Yahoo Finance (Reuters) - Apple could provide guidance on early iPhone 18 sales; pre-orders had begun in mid-October.

(UPDATED November 2, 2026 07:58 UTC)

Asian markets steadied as investors awaited Apple earnings amid worries over artificial-intelligence spending. Apple overtook Nvidia as the world’s most valuable listed company after four months of gains. A sharp Intel slide deepened concerns about chipmakers and slowing AI investment growth.