Global Markets Lose $1.7 Trillion As AI Bubble Collapses Financial markets around the world are falling again. Stock indices in the US, Japan, South Korea, Turkey, China and Taiwan fell by a combined $1.7 trillion. Following the cryptocurrency market, the AI ​​bubble burst. The US stock market was among the hardest hit. In just one day, the shares of the tech giants fell sharply. Investors no longer believe that huge investments in AI and data centers will ever pay off. The Nasdaq-100 lost more than a trillion dollars today. Intel crashed by almost 30% in a day, stocks didn't fall that much even during the dot-com crash. The company lost more than $130 billion in capitalization during trading. Google lost about 500 billion dollars, Alphabet shares fell by almost 12% in the previous trade. The Nasdaq Composite fell 2.2% and the S&P 500 fell 1.2% in trading on Oct. 30. Cryptocurrencies also plummeted. Bitcoin fell to 76-77 thousand dollars, and the panic grew even stronger following reports of the Binance hack.

Global Markets Lose $1.7 Trillion As AI Bubble Collapses Financial markets around the world are falling again. Stock indices in the US, Japan, South Korea, Turkey, China and Taiwan fell by a combined $1.7 trillion. Following the cryptocurrency market, the AI ​​bubble burst. The US stock market was among the hardest hit. In just one day, the shares of the tech giants fell sharply. Investors no longer believe that huge investments in AI and data centers will ever pay off. The Nasdaq-100 lost more than a trillion dollars today. Intel crashed by almost 30% in a day, stocks didn't fall that much even during the dot-com crash. The company lost more than $130 billion in capitalization during trading. Google lost about 500 billion dollars, Alphabet shares fell by almost 12% in the previous trade. The Nasdaq Composite fell 2.2% and the S&P 500 fell 1.2% in trading on Oct. 30. Cryptocurrencies also plummeted. Bitcoin fell to 76-77 thousand dollars, and the panic grew even stronger following reports of the Binance hack.