China's STAR 50 index of AI and chip stocks fell 40% in under four months, erasing $480 billion amid demand and export-curb fears.
China’s AI and semiconductor stocks have lost $480 billion in value in less than four months, as high valuations, AI demand concerns and export curbs fuel a sharp selloff.
Chinese tech stocks, especially in AI and semiconductors, have experienced a dramatic decline in value recently. The mainland STAR50 index of these sectors has dropped by 40 per cent in four...
Stocks on China's mainland have shed about $2.4 trillion since May as investors doubt AI companies can turn a profit, while U.S. restrictions and high U.S. interest rates add pressure.
Chinese technology hardware firms face a challenge to impress investors with their upcoming earnings reports after a brutal selloff in sector stocks.
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