#AI股抛售延续，半导体指数两日累跌11%

This round of deep corrections in AI stocks appears superficially to be a pullback, but the real trigger is Meta's decision to use its computing power for both internal use and external leasing. Customers have directly turned into competitors, shaking the pricing power of third-party computing and storage vendors. This isn't a demand issue—it's a reallocation of the profit distribution chain by the giants.

I believe this is not just a short-term emotional shock, but a structural restructuring of the profit distribution within the AI industry chain. Previously, everyone shared stories and inflated valuations together; now the giants are cutting into the meat themselves. Small and mid-tier players and concept stocks will face increasingly difficult times. Only those with true moats in self-built computing power and applied projects have a chance to survive.

The impact on the crypto space is a double-edged sword. AI-themed tokens are likely to continue facing downward pressure in the short term, with valuations hit even harder. However, in the long run, projects that can secure actual computing power or achieve application deployment may actually benefit from this restructuring.

Old investors remind everyone: stop chasing pure concepts. Fundamentals and real-world deployment capabilities are the hard indicators—otherwise, you'll be the next round of targets for harvesting.