Tech Stocks Fall in Asia and Germany on AI Boom Fears

Falling tech stocks in Asia and Germany reflect investor fears that higher interest rates could end the AI boom, triggering a broad market sell-off. Portfolio managers describe the selling as a genuine correction concern, not profit-taking, as high valuations and rising financing costs fuel skepticism. AI-related shares led losses in Tokyo, with Advantest, Tokyo Electron, and SoftBank dropping sharply, though analysts disagree on whether the pullback is warranted. Some experts note that even strong TSMC results failed to reassure investors, calling it a warning sign, while others remain calm, citing reasonable valuations, no recession signs, and sustained AI demand exceeding supply.