🇨🇳 China's AI hype just got bodied
STAR50 (their tech index) down 40% in 4 months. That's nearly $500B wiped out.
Why? Valuations were cooked. Demand for AI? Questionable at best.
Get this: AI stocks were 57% of total Chinese market volume before the dump.
This is the dotcom bubble playbook all over again. Overleverage into narrative → reality check → hard reset.
Same cycle, different asset class. If you're not taking profits on hype, you're exit liquidity.
STAR50 (their tech index) down 40% in 4 months. That's nearly $500B wiped out.
Why? Valuations were cooked. Demand for AI? Questionable at best.
Get this: AI stocks were 57% of total Chinese market volume before the dump.
This is the dotcom bubble playbook all over again. Overleverage into narrative → reality check → hard reset.
Same cycle, different asset class. If you're not taking profits on hype, you're exit liquidity.