China's AI stock bubble bursts as STAR 50 sinks 40%, erasing $480 billion

Markets/Reuters/
China's AI stock bubble bursts as STAR 50 sinks 40%, erasing $480 billion
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China's AI-driven equity rally has unraveled, with the STAR 50 index of AI and chip names down about 40% in under four months, erasing roughly $480 billion in value, Reuters reports. The broader blue-chip market is about 20% below its June high. Traders blame stretched valuations, tax bills, demand doubts and the threat of foreign bans on Chinese data-center gear.

2 sources

  1. 01The Kathmandu Post (Reuters) — In China, the AI bubble has already burstkathmandupost.com
  2. 02Bloomberg Línea (Bloomberg News) — Chinese tech stocks lead losses as global AI wave weakensbloomberglinea.com.br