Tiger, Futu was cut off by the domestic authorities in this wave

Thoughts on some underlying reasons:
Maybe the "water" is not enough anymore
AI sector chips, storage, liquid cooling companies need to be rational
Although I remain optimistic about AI in the long term
As AI explodes in popularity, leading companies in various sectors have skyrocketed in performance
Any stocks related to AI at home and abroad have risen very well
It has now shifted from performance-driven valuation to capital-driven
Everyone has also shifted their focus and positions
China and the US funds are like two reservoirs
Next, giants like SpaceX and OpenAI will go public in the US
They will inevitably flow out through loopholes in the Chinese reservoir
And domestic corporate financing has already lacked foreign capital inflows
Cutting off directly now also from another perspective shows
That the current "water" still exists, but it's a bit insufficient
This year, a phenomenon in the domestic stock market is that
Only the technology sector and indices are rising
While dividends, consumption, and finance perform poorly
Any company related to AI can achieve high expected valuations
In the second half of this year, many companies' financing and IPOs only need to add underperformance (everyone's expectations are very high)
This all-out feast of everyone buying AI stocks to get rich has shattered
Because a capital-driven bull market will eventually see someone profit and sell
And the best time to strike is when everyone is panicking