I see many people saying that the AI industry chain has reached its end. Actually, I personally think that if your logical analysis is clear, it's quite simple. I have only two exit indicators for the AI industry chain, and I can share them for free.

First: Cloud service providers cut expenses, regardless of the method, such as stopping new builds, increasing cabinet vacancy rates, etc., as long as it leads to a reduction in expenses.
Second: Genuine signals of interest rate hikes, liquidity issues, including liquidity problems of cloud service providers themselves.
I won't go into details. Those who want to communicate can ask me.