Has China's AI bubble burst? Will the US be next? 中国 The STAR Market 50 AI Index has fallen by about 40% in less than four months, wiping out approximately $480 billion. At its peak, its price-to-earnings ratio was nearly 250! 美国 Alphabet (Google's parent company) just experienced its worst day in history, falling as much as 16% intraday, wiping out over $500 billion in market value. Why? ① AI infrastructure spending this year could reach $205 billion. ② AI-driven advertising requires less data than traditional search, so where will the money come from? ③ Anthropic and OpenAI are preparing for IPOs and will raise funds from the market again. The US bubble hasn't burst yet, but everyone is asking: When will AI truly become profitable? ⏳ ️ Fun fact: Google's worst day was October 29th, exactly the same day as the Great Depression of 1929… Coincidence, right? AI, US Stocks, Google Investment