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The current bull market in U.S. stocks is driven by AI, with hardware companies like NVIDIA, TSMC, SK Hynix, and Intel all making money.
However, many companies that are "shoveling" (building the infrastructure), such as OpenAI, Elon Musk's AI company, are losing money, although some profitable companies exist, like Kuaishou's KeLing AI.
When will the "shoveling" companies become profitable? If they can’t turn a profit forever, will that cause the U.S. stock market to collapse? #美伊协议草案