GoKawiilChina's STAR50 AI and chip index falls 40%, erasing $480 billion in value
Reuters reports that China's STAR50 index, which tracks AI and semiconductor firms, has dropped roughly 40% over four months, wiping out about $480 billion in market value. Robotics firm Unitree's shares have halved since its August IPO, and chipmaker CXMT has lost more than a quarter of its value in the past month, even as DeepSeek raised $15 billion and Huawei secured a $2.3 billion loan for AI chips.