BEARISH 65 BeInCrypto 2H ago · 2 min read 1 read

China’s AI bubble bursts, erasing $480 billion as US earnings loom

AI summary

China's AI stock bubble has burst, wiping out $480 billion in market value. Attention now turns to upcoming earnings from Microsoft, Alphabet and Amazon, which will test whether the US AI trade faces a similar reckoning. A broader AI selloff matters to crypto traders because tech risk appetite and crypto prices have been closely correlated.

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1 linked story · 2 outlets · since 21 Oct

2H AGO

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China’s AI bubble bursts, erasing $480 billion as US earnings loom

BeInCrypto · Score 65
21 OCT · 16:08

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