China’s AI stock bubble has burst, Reuters reports, as $480 billion vanishes
Photo: Crypto Briefing
The STAR50 index has fallen nearly 40% from its July peak, leaving retail investors and Beijing's market ambitions exposed China’s AI stock frenzy has hit the wall. According to Reuters, the country’s AI bubble has burst, and the damage is already measured in hundreds of billions of dollars. The STAR50 index, which tracks China’s AI and semiconductor leaders, has dropped nearly 40% from its July peak. That slide has wiped out approximately $480 billion in market value in less than four months. The pain is not confined to speculative tech names.
Source: Crypto Briefing
