CHINA AI STOCKS CRASH AFTER SPECULATIVE RALLY
Full story
China's STAR50 index, which tracks semiconductor and AI companies, has dropped 40 percent from its peak in July. This crash wiped out roughly 480 billion dollars in market value in under four months. Reuters reported that the speculative bubble for AI has burst. AI stocks previously accounted for 42 percent of the market.
CHINA AI STOCKS CRASH AFTER SPECULATIVE RALLY China’s STAR50 index of AI and semiconductor companies has fallen 40 percent from its July peak. The decline erased about 480 billion dollars in market value in less than four months. Reuters reported the AI bubble has already burst. AI stocks made up 42 percent of China’s market […] The post CHINA AI STOCKS CRASH AFTER SPECULATIVE RALLY first appeared on The Zambian Observer .