OE | 𝔗𝔥𝔢 𝔒𝔭𝔢𝔫 𝔈𝔠𝔬𝔫𝔬𝔪𝔦𝔰𝔱 | Issue #27 Oct 15, 2026 |
The Take
THE AI SELL-OFF IS BACK, AND THIS TIME CHINA LIT THE MATCH
| AI and chip stocks sold off hard this week after reports that China's CXMT cracked a major memory-chip breakthrough, threatening US dominance. South Korea's market plunged over 5%, and big names piled on, Michael Burry warned markets are in “denial,” Broadcom's CEO likened AI spending to “casino gambling.” |
By The Open Economist