AI-Driven U.S. Tech Stock Bubble Burst Today.

Spread the love

Immortalism.com–Jan. 28, 2025–The AI-driven US tech stock bubble burst today. It is no surprise as it is long overdue. But still a shock for NASDAQ and for high-flying companies like Nvidia whose stock plunged 17%, wiping out $593 billion in market value.

It sure looks in more ways than one similar to the bursting of the dotcom stock bubble in the year 2000. The big difference? China.

In the 2000 U.S. dotcom bubble bursting, China had nothing to do with it. In 2025, a new Chinese AI startup with little funding and using less powerful chips managed to create an open-sourced alternative and rival to ChatGPT, and the Chinese app has quickly become the most downloaded AI app in the US and China.

All Rights Reserved 2025 by Elixxir