Yesterday, a big outcry went through the financial markets. A Chinese AI terrified the stock markets. It was not the fact that AI exists, but rather the fact that the AI Chat is supposed to be on par with GPT and Co and is also much cheaper. As a result, the Nasdaq technology index recorded the largest losses, with a significant minus of over 3 percent. In these times, it is the Dow Jones Industrial Index that can stabilize.
Siemens Energy plunges 20 percent
But this event did not leave the DAX unscathed. The German benchmark index fell by 0.5 percent at the end of trading and closed at 21,282 points. In the German stock market, in addition to the Infineon share, it was above all the second-tier shares from the technology sector that fell significantly. These are in particular the shares of Siltronic, Jenoptik or Aixtron, but investors and investors in the current high-flyer Siemens Energy burned their fingers on yesterday's trading day. The stock lost over 19 percent of its share value in a single trading day. But watch out, the company also presented figures that were well above expectations. In this case, courageous investors may have already recognized the signs of the times and add or enter at this value.
China with clear sign towards America First
The AI chalice also did not leave the recently strong Euro Stoxx unscathed. Due to the losses in the technology sector, the European stock index also closed lower on Monday. The semiconductor stocks of ASML and SAMI fell by 7.5 percent and 12 percent, respectively. It is already a strong signal from the Chinese economy to go public with this success shortly after Donald Trump announced further investments in the field of AI. This clearly shows that China no longer wants to hide behind the USA, but more than underlines its ambitions. Above all, the cost factor should give Team America First pause for thought, because it is difficult to imagine that these favorable cost structures can be implemented in the USA.
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