KOSPI trading halt and $400 billion SpaceX wipeout spark fears of an AI-driven valuation bubble
Trading in South Korea’s KOSPI was suspended, while SpaceX suffered a roughly $400 billion one-day loss in market value, stoking broader concerns that AI-driven valuations are deflating. KOSPI heavyweights such as Samsung Electronics and SK Hynix, which had surged on expectations of booming demand for high-bandwidth memory (HBM) chips for AI servers, also pulled back sharply. Experts cited in the report said market enthusiasm around AI appears to have peaked, drawing comparisons to the 2000 dot-com bubble. The episode was described as a sudden, index-level shock rather than routine market volatility.