Mmastodon BusinessMarkets first seen 23 h ago, last 1 h ago, peak #1
China's AI stock bubble has already burst, traders say
Original: In # China , # AIbubble has already burst While global # tech # stocks teeter, in China they have already crashed as lof
Chinese tech stocks have crashed while global markets merely wobble, with commentators arguing the country's AI valuation bubble has already deflated. The mainland STAR50 index of AI and chip stocks has tanked as lofty valuations collapse under worries about AI demand and export curbs on Chinese technology. Observers contrast China's full-blown selloff with the still-teetering mood among Western tech investors.
Why now: Fears about AI demand and Chinese export restrictions are hammering tech valuations, and China's market is falling fastest.
Rank over time, top of the chart is #1. 17 snapshots from 23 h ago to 1 h ago.
Evidence
- In # China , # AIbubble has already burst While global # tech # stocks teeter, in China they have already crashed as lofty valuations collapse under worries about # AI demand and curbs on Chinese exports. The meltdown, tanking the mainland # STAR50 index of AI and #… · BenjaminHCCarr@hachyderm.io · 5
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