AIReutersabout 1 hour ago
China AI Stock Bubble Bursts
4 min read
China's AI and semiconductor STAR50 index crashed 40% in four months, vaporizing $480 billion in market value. This collapse follows a two-year rally driven by state-backed funds for companies like Unitree and chipmakers, halving shares in some firms as US export bans and high valuations trigger a severe market correction.
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