FTSE 100 drops as Google boss warns no one ‘immune’ from AI bubble

cityam
2025.11.18 10:06
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FTSE 100 dropped over 1% due to investor fears after Google's CEO Sundar Pichai warned about the AI bubble. Major declines were seen in miners Fresnillo and Anglo American, and UK banks like Barclays and Lloyds. Global markets, including Germany's DAX and Wall Street indices, also fell. Pichai highlighted the potential impact of an AI bubble burst, comparing it to the internet's past excess investment. Analysts noted the FTSE's vulnerability to global sell-offs, with Nvidia's upcoming earnings update seen as crucial for the AI sector.

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