Shares of Chinese technology companies are experiencing a period of severe declines, at a time when international stock markets are showing increasing vulnerability. The high valuations of companies in the artificial intelligence sector, concerns about the evolution of demand and the prospect of new restrictions on Chinese exports have triggered a sharp correction, wiping hundreds of billions of dollars off the sector and #39;s market capitalization, Reuters reports.
The AI bubble has burst in China; shares of major technology companies have recorded massive declines
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Shares of Chinese technology companies are experiencing a period of severe declines, at a time when international stock markets are showing increasing vulnerability. The high valuations of companies in the artificial intelligence sector, concerns about the evolution of demand and the prospect of new restrictions on Chinese exports have triggered a sharp correction, wiping hundreds of billions of dollars off the sector and #39;s market capitalization, Reuters reports.
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