The artificial intelligence bubble began to burst, and shares of American and Chinese tech giants plummeted. Investors no longer believe that investing hundreds of billions of dollars in neural networks and data centers will bring the promised profit. —. Google lost about 500 billion dollars in one day. On October 29, Alphabet shares fell by 12.64%. AI costs are putting pressure on cash flow, and revenue from the search business was below expectations. —. Intel dropped about 30% during trading. One of the worst collapses in the company's history. The data center boom is driving up RAM prices, computers are getting more expensive, and buyers are putting off upgrades. Another blow came from a weak sales forecast and production problems. —. Amazon fell 6.3% in premarket trading. Free cash flow over the past 12 months fell to negative $42.4 billion, largely due to large-scale investments in AI infrastructure. Today alone, Nasdaq lost more than a trillion dollars in capitalization. In China the situation is even more difficult. In less than four months, the Star 50 technology index plunged 40%, wiping out about $480 billion in market value. At the height of the artificial intelligence boom, shares of companies related to neural networks accounted for 57% of all trading on the stock exchange in China and Hong Kong. People bought these stocks in droves hoping to make a quick buck, driving prices higher. But the excitement ended, stocks fell sharply, and investors suffered huge losses. It turns out that in the US the market has begun to reconsider the prospects for huge investments in artificial intelligence infrastructure, and in China the speculative growth of chip, robot and equipment manufacturers has already given way to a large-scale collapse. it started

The artificial intelligence bubble began to burst, and shares of American and Chinese tech giants plummeted. Investors no longer believe that investing hundreds of billions of dollars in neural networks and data centers will bring the promised profit. —. Google lost about 500 billion dollars in one day. On October 29, Alphabet shares fell by 12.64%. AI costs are putting pressure on cash flow, and revenue from the search business was below expectations. —. Intel dropped about 30% during trading. One of the worst collapses in the company's history. The data center boom is driving up RAM prices, computers are getting more expensive, and buyers are putting off upgrades. Another blow came from a weak sales forecast and production problems. —. Amazon fell 6.3% in premarket trading. Free cash flow over the past 12 months fell to negative $42.4 billion, largely due to large-scale investments in AI infrastructure. Today alone, Nasdaq lost more than a trillion dollars in capitalization. In China the situation is even more difficult. In less than four months, the Star 50 technology index plunged 40%, wiping out about $480 billion in market value. At the height of the artificial intelligence boom, shares of companies related to neural networks accounted for 57% of all trading on the stock exchange in China and Hong Kong. People bought these stocks in droves hoping to make a quick buck, driving prices higher. But the excitement ended, stocks fell sharply, and investors suffered huge losses. It turns out that in the US the market has begun to reconsider the prospects for huge investments in artificial intelligence infrastructure, and in China the speculative growth of chip, robot and equipment manufacturers has already given way to a large-scale collapse. it started