🇲🇽 Spanish, 27 October 2026, AI bubble
China's AI sector crashes 40% and evaporates $480 billion
The AI sector in China has lost 40% of its value in less than four months, with $480 billion evaporated.
The STAR50 index, which tracks some of China’s leading tech companies, has lost 40% of its value in less than four months, with $480 billion evaporated.
Unitree, MetaX, and Moore Threads have lost half of their value, while Chinese chip and data center component manufacturers fear a price war.
The decline is attributed to a combination of overvalued stocks, doubts about AI demand, and potential US trade restrictions.