Asian stocks mixed as tech sector struggles to rebound from selloff

AI Summary

Asian stocks were mixed as technology shares struggled to recover from a selloff. Investors remained concerned that major technology companies' heavy spending on data centers and chips may not deliver returns quickly enough.

Artificial intelligence (AI)-linked firms were hit by another wave of selling as Wall Street giants including Amazon, Alphabet and Microsoft signalled they would keep pouring money into data centres and chips even as investors grow impatient for returns.