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Posted on 10/26/2026 7:44:24 PM PDT by yesthatjallen
China's AI stock rally has collapsed, wiping out about $480 billion as the STAR50 index of AI and chip companies fell 40% from its July high.
US AI stocks have taken a far smaller hit so far. The Nasdaq is about 6% below the record it set three weeks ago. This week's Big Tech earnings will test whether that gap holds.
How China's AI Bubble Burst
Analysts have pointed to stretched prices, tax bills, and the risk of US bans on Chinese data-center equipment.
The damage is wide. AI stocks account for 42% of China's market value and 57% of its trading, according to Goldman Sachs.
The broader CSI 300 index of China's biggest companies entered a bear market last week, as BeInCrypto reported.
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(Excerpt) Read more at finance.yahoo.com ...
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Babel II
Black Rock Nevada Burning Man
China is in a lot of trouble. I think they are past the point of salvation. The best they can do is manage their decline until their economy matches their fundamentals.
I’m guessing our AI is somewhat less fake than China’s. Could be wrong.
AI is still in the INFANTILE stage isn’t it? You tell me. There is something to be said about being cautious but then there’s something to be said for being pedal to the metal. I say let the chips fall where they may. The big investors may be totally uncautious so let them take those chances that communism will never allow. I tell you...
It’s gonna be awesome!
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