Intel, Amazon Earnings Spark Tech Selloff as AI Fears Mount

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Tech stocks sold off for a second consecutive day as a rotation out of the AI trade accelerated, after earnings from Amazon and Intel raised fresh concerns about capital expenditure. Binance has suffered the crypto industry’s biggest-ever hack in a fresh blow to efforts to push digital assets into the mainstream. The exchange said $6.3 billion worth of funds were affected, with $3 billion in crypto frozen, and that it had suspended all withdrawals as it works with law enforcement and completes a security revamp. And France unexpectedly contracted in the third quarter, putting the economy on a weak footing as it faces headwinds from surging borrowing costs, violent protests and political and budgetary uncertainty. Today guests: Gonzalo García San Miguel, Abenójar Tungsten, CEO; Sander van ’t Noordende, Randstad, CEO (Source: Bloomberg)