China's largest AI companies lost up to 80% of their value China's largest AI companies lost up to 80% of their value: Minimax and Zippo collapsed a lot, and the collapse of the domestic stock market reached 1.4 trillion yuan. A sharp drop in AI stocks has devastated the Chinese stock market. In the US today, Intel is down 31%, Reddit is down 30%, Roblox is down 20%, Illumina is down 19%, SanDisk is down 15%, ARM is down 12.7%, Dell is down 12.5%. The total loss count for one day was nearly $3 trillion. Stock markets in the US, Japan, South Korea, Turkey, China and Taiwan were down $1.7 trillion, gold and silver lost $1 trillion, and cryptocurrencies collapsed by $140 billion.

China's largest AI companies lost up to 80% of their value China's largest AI companies lost up to 80% of their value: Minimax and Zippo collapsed a lot, and the collapse of the domestic stock market reached 1.4 trillion yuan. A sharp drop in AI stocks has devastated the Chinese stock market. In the US today, Intel is down 31%, Reddit is down 30%, Roblox is down 20%, Illumina is down 19%, SanDisk is down 15%, ARM is down 12.7%, Dell is down 12.5%. The total loss count for one day was nearly $3 trillion. Stock markets in the US, Japan, South Korea, Turkey, China and Taiwan were down $1.7 trillion, gold and silver lost $1 trillion, and cryptocurrencies collapsed by $140 billion.