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BackStocks: Trillion-dollar corporations lose more than 40 percent share price: “AI correction” affects stock markets worldwide

Stocks: Trillion-dollar corporations lose more than 40 percent share price: “AI correction” affects stock markets worldwide

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Handelsblatt1 hour agoBusiness1 min readGermany

Stocks: Trillion-dollar corporations lose more than 40 percent share price: “AI correction” affects stock markets worldwide

After a brief recovery, turmoil continues on stock markets in the US and Asia, with chip and AI stocks posting massive losses.

Quick Look

After a brief market calm, the stock markets in the USA and Asia are experiencing a second wave of sales.
US chip companies and AI companies are particularly affected, with losses exceeding the $1 trillion mark within a week.

AI-generated summary

Why It Matters

After a brief period of stability, the stock markets in the USA and Asia are once again showing strong volatility.

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Dusseldorf. The calm on the stock market only lasted for a short time. After the turbulence at the start of the week, the stock markets in the USA and Asia were hit by a second wave of sales.

Losses at US chip companies add up to more than a trillion dollars within a week, according to data from the financial service Bloomberg. But it's not just the chip industry that is affected, but also other stocks in the artificial intelligence (AI) sector.

Open Questions

How long does the sell-off last?
What macroeconomic factors are driving the selloff?

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This article was originally published by Handelsblatt.