Evaporation of $480 billion from the stock value of chip and artificial intelligence companies.
How did the AI stock bubble burst in the Chinese stock market?
In a situation where Wall Street continues to pour billions of dollars of capital into the field of artificial intelligence, the Chinese stock market has taken the opposite course.
The weakening of the forecast for valuations, the stagnation of domestic demand and the beginning of a price war, burst the bubble of Chinese artificial intelligence companies.
This trend has caused 480 billion dollars to evaporate from the value of China's leading companies in chip manufacturing and artificial intelligence in recent months.
Read the full report on the Senate website.