Intel and Amazon earnings trigger AI spending caution, Nasdaq falls 2.86%

Two Japanese investment trusts showed divergent performance. WCM Next, which holds growth and tech-heavy names such as Siemens Energy and Seagate Technology, is forecast to fall 2.83% on stock-price factors. World's Best, with exposure to financial and consumer staples stocks like AIA Group and Coca-Cola Europacific, is expected to be roughly flat with a NAV gain of 3 yen. The article attributes the move to rising investor doubt about when massive AI infrastructure spending will generate commensurate returns, compounded by a reported $6.3 billion unauthorized outflow at Binance that pressured crypto-related shares.