China's AI stock bubble bursts, wiping out $480 billion as chipmakers plunge up to 60% amid valuation fears

T1Covered by 1 source · first reported by Mint — Technology / AI at 27 Oct, 14:03 UTC

China's AI stock bubble has burst, wiping out $480 billion in market value as the STAR50 index plunged 40% in under four months. High valuations, AI demand concerns and US export curbs have deepened the selloff, hitting chipmakers and robotics firms.

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Sources

• T1China's AI stock bubble bursts, wiping out $480 billion as chipmakers plunge up to 60% amid valuation fearsMint — Technology / AI27 Oct, 14:03