Tbh nothing weird going on imo It’s the Pig cycle economics, but 100 years later. Though probably the first one was the infamous Tulip Mania crisis in the 1630s.

" Just like all other Chinese manufacturers, (chipmakers and AI suppliers) will eventually end up in a price war," said fund manager Wang ​Zhuo, partner at Shanghai Zhuozhu Investment Management. “There’s no exception,” he said. “All bubbles inevitably burst.”

It just happens intenser in China due to their unified approach and Gvment pushes.I.e what the Party wishes.

Yeah, this article reads as sputnik/tass propaganda.

According to Folha de Sao Paulo. Lula has basically won with 98% counted!

Update: He has won.

Everyone is always the hero in their own story.

So true. I vote for “Comment of the week” award.

Also TIL: found this origin story link