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China’s AI stock rout wipes out US$480b as valuations collapse

A SHARP sell-off in Chinese artificial intelligence and semiconductor stocks has wiped out about US$480 billion in market value in less than four months, exposing the risks of inflated valuations and mounting uncertainty over demand for AI technology...

  • China's AI and semiconductor stocks lose US$480 billion in market value
  • Mainland STAR50 index declines 40% over four months
  • AI-related stocks make up 42% of China's market capitalization

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