AI chip market faces reality check as net sales plunge, unveiling risks of misdirected investments and economic decline.

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The AI chip market faces a significant downturn with net sales plummeting by nearly 25% sequentially and over 40% compared to the previous year. Amidst inflationary pressures and concerns over misdirected investments, every chip company is being labeled as an AI play, raising doubts about the sustainability of the market.

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