The global market fell due to overheating in the artificial intelligence sector, lowered forecasts from major technology giants, and a tough central-bank policy. Investors got scared that the huge spending on new technologies would not pay off as quickly as everyone expected.

Shares of leading companies that make chips and software for smart machines (for example, Nvidia, Micron, and AMD) dropped sharply because the pace of revenue growth turned out to be below expectations.

Companies waited too long for super-profits from neural networks, but actual revenues are growing more slowly than expected.

Society prefers to ignore those areas where AI is involved. A drop in media popularity, due to fake information and open propaganda (for example, LGBT) using adaptive analytical AI, further pushes people to get rid of “spam” assets.

After a long period of growth, the market was overbought, so any weak forecasts from big corporations triggered a massive sell-off of securities.

Large firms refused to raise their future plans, and investors realized that the excitement around trendy technologies had been too strong.

High interest rates at global banks make loans expensive, causing investors to pull money from risky stocks and move into safer assets.

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