China AI Stocks Lose $150 Billion as Selloff Deepens
📡 Bloomberg Markets · 1 min read ·
Part of composite article AI Spending Panic Wipes $1 Trillion Off Nasdaq as Investors Flee to Bonds View full article →
A selloff in Chinese artificial intelligence (AI) model developer stocks shows no sign of stopping. The shares have lost $150 billion in value as competition in the sector grows more intense. The threat of rival companies listing their shares next year adds further pressure on these stocks.