China AI Bubble Bursts: STAR50 Plunges 40%, $480B Erased

China's STAR50 index has fallen 40% since July, wiping out $480 billion in market value, signaling a sharp correction in AI-related equities. The selloff raises questions about the sustainability of AI valuations globally, with upcoming earnings from Microsoft, Alphabet, and Amazon set to test the broader AI boom. The decline may reflect investor concerns over overvaluation and regulatory pressures in China's tech sector.

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