AI & Enterprise
Unitree halves, CXMT slumps as China AI stock bubble has already burst
Chinese technology shares have already plunged as global tech stocks wobble, Reuters reported. The STAR50 index of leading AI and semiconductor stocks has fallen 40 percent in less than four months, wiping out about $480 billion in market value. The CSI300 is down about 20 percent from its June peak. Traders cited lofty valuations, taxes and concerns the United States could ban Chinese equipment from data centres.
