In recent days, reports in the international community have increased. Press on the mass sale of shares in Artificial Intelligence companies, with analysts talking even about imminent «bubble bursting» and possible «Market collapse». The indicator NASDAQ, where the largest companies in the industry are listed, it records significant losses from the beginning of the week and in particular from the evening of last Monday.
For example, its share «Nvidia», which is the colossus of semiconductors, fell to a low of $19,352 intra-sessionally on Tuesday morning (US time), about 7% below the price it had on Monday morning, although then there was a relative recovery. Accordingly, its share «SpaceX» of Ilon Musk caught a low $107 intra-session, shortly after opening markets in the US.
In relation to the share price in the company's introduction to NASDAQ last June ($160), the fall reached 33%, before the share value recovered to $16. Also, the listed NASDAQ semiconductor company «SanDisk» recorded a vertical fall, almost 15% compared to the start of the stock exchange meeting.
Total NASDAQ recorded the first hours of Tuesday's meeting low 24,596,28 units, with the fall reaching 1.3% compared to Monday's closure. The same was the loss in the Asian markets, which were closed shortly after the opening of markets in the United States. The focus was specifically on Korean technology and semiconductor companies. «SK Hynix» and «Samsung Electronics».
Seoul's Kospi index recorded losses of about 10% at Tuesday's meeting, and Tokyo's Nikkei index of 3.95%. Losses were also recorded in the leading technology companies in European stock exchanges.
A stock rise rally had preceded the investment of huge funds in the Artificial Intelligence companies, with the expectation of fast and large profits.
As evidenced, however, the rapid rise in shares is increasingly accompanied by warnings about the possibility of creating a new stock market «bubble». The possibility of a steep and larger downturn remains open, reflecting the deeper contradictions of the capitalist economy and the overaccumulation of capital that is manifested today in the TN sector.
Huge funds are channelled into infrastructure, data centres and specialised chips, with the expectation of future superprofits, long before it is shown that these investments can yield the expected profit rate.
This development is inextricably linked to the exacerbation of international competition. The struggle for technological primacy, the control of critical raw materials, the production of semiconductors and computing power networks, is now an integral element of the general war conflict between the strongest capitalist centers. Artificial Intelligence is increasingly important for both economic and military power, intensifying conflicts to secure markets and technological supremacy.
The escalation of war conflicts and the preparation for general military confrontations further accelerate investment in the TN, while at the same time the growing opposition of capitalism due to capital consolidation is a key economic cause that is pushing towards the escalation of the war.
A possible crisis in the TN sector would not invalidate the importance of technological evolution itself, nor its widespread applications in production, services and military uses, for the interests of all capital and not for popular needs. Her historical experience «bubble» of dot-com in the early 2000s is characteristic: The collapse of thousands of companies did not prevent the subsequent dominance of the major technological groups, who raised even larger market and capital shares.
Accordingly, displaying a crisis in Artificial Intelligence is likely to lead to a new round of concentration and concentration of capital. Businesses with a strong financial base, access to infrastructure and a strategic role in TN's ecosystems are those that are more likely to absorb smaller competitors and exit stronger, confirming that crises function as a mechanism for rearrangement of the capitalist market in favour of larger monopoly groups.
A typical example of this is: While there was a bad mess in the stock exchange with the shares of the colossae of Artificial Intelligence, The «Wall Street Journal» wrote that «Nvidia» and «OpenAI» are close to an agreement to finance the second of the first to $250 billion to create a giant data center (data center) in Ohio...
