Mmastodon BusinessMarkets first seen 1 d ago, last 17 h ago, peak #1
China's AI stock bubble has burst, analysts say
Original: In # China , # AIbubble has already burst While global # tech # stocks teeter, in China they have already crashed as lof
Chinese technology stocks have crashed even as global markets only wobble, with lofty AI valuations collapsing under concerns about demand and export restrictions. The mainland STAR50 index, heavy with AI and chip companies, has taken heavy losses, and commentators argue the AI investment bubble in China has already deflated rather than merely showing strain.
Why now: Sharp declines in Chinese AI and chip stocks are prompting debate about whether the AI boom is collapsing there first.
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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