Is China’s Massive AI Bubble About To Burst in Record Time?

What happened to China’s AI boom, which just a matter of months ago was in full tilt and bursting at the seams? Last year saw millions of high-end Nvidia (NASDAQ:NVDA) GPUs find their way across the country, wearily navigating tariffs and U.S. export restrictions. But they braved this climate heroically.  The AI hardware was in such high demand that specialized Nvidia H100 chips used to train AI models could sell for up to 200,000 yuan ($28,000) a pop in the black market. Meanwhile, hundreds of data centers were constructed to house…