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 should be viewed rationally
Although I remain optimistic about AI in the long term
As AI explodes in popularity, top companies in various sectors have skyrocketing performance
Any stocks related to AI at home and abroad are doing 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 are like two reservoirs of water
Next, giants like SpaceX and OpenAI will go public in the US
They will inevitably flow out through the loopholes in China's water reservoir
And domestic companies' financing already lacks foreign capital inflow
Cutting off directly now also shows from another perspective
That the "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 the risk of underperforming expectations (everyone's expectations are very high)
This grand feast of everyone buying AI stocks to get rich is collapsing
Because a bull market driven by capital will eventually see someone profit and sell
And the best time to strike is when everyone is panicking