Friday, 16 October, 2026
Trillion-Dollar Tech Wipeout: Elon Musk’s China Prediction Worsens Global Rout
By TechShots Studio
Twenty of the world’s most valuable technology and semiconductor companies across the US and Europe lost over $1 trillion in market value within five days amid rising interest rates, high AI infrastructure costs, and fears of a chip oversupply. Compounding this massive sell-off, Elon Musk warned that China will flood the market with massive RAM production by 2028.
Read full story at TIMES OF INDIA