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Is the AI bubble starting to deflate? And pulling crypto down with it
Shares of the biggest chipmakers collapsed after news of a rise in China’s memory production and doubts about the real demand for AI infrastructure. Samsung, SK Hynix, Nvidia and other giants lost billions within a few hours📉
The market fears that the chip shortage will turn into overproduction, and that the endless growth in AI spending will prove to be an overly expensive fairy tale
Against this backdrop, Bitcoin fell again to $660M, with more than $660 million liquidated over the past 24 hours
$BTC