China’s AI Stock Crash Puts the Global AI Boom to the Test

China’s artificial intelligence stock market is facing a sharp reversal just as some of the world’s most valuable AI companies prepare to enter the public markets. The contrast raises a critical question for investors: is the AI boom approaching a wider reckoning, or are markets beginning to distinguish between the technology’s potential and the prices investors are willing to pay for it? China’s STAR50 index, which tracks major technology and semiconductor companies, has fallen approximately 40