Absolute bloodbath in the markets today.
I thought Bitcoin going to $75k was bad but then I checked some of the AI stocks.
$CIFR is down 14% today and 64% over the last month.
Incredible.
🚨 BLOODBATH IN ASIA'S AI STOCKS
$550 BILLION wiped out from South Korean, Taiwanese and Japanese markets as AI and semiconductor stocks suffer a massive sell-off.
Kioxia -12%
SK Hynix -10%
Samsung -8%
SoftBank -8%
MediaTek -7%
The Democrats congressional sweep has raised fears of tighter AI regulations across Asia, as US AI and semiconductor stocks also fell despite a broader market rally.