Huang Renxun just told the blunt truth.

There is absolutely no bubble in computing power.
GPUs from six years ago are still rising in price.
Anthropic and OpenAI are raking it in—give them 2x the computing power, and their revenue quadruples.
4x. Can you believe it?
Last week, storage semiconductors took a hit.
Micron -16%, SanDisk -22%, SK Hynix -14%.
Some in the market are calling AI peaked.
He says it's not that simple.
It's not that the market doesn't believe in AI,
it's that someone did the math wrong.
The shortage of computing power is structural.
Demand is growing exponentially,
while supply is bottlenecked by advanced packaging,
HBM, and fabs.
TMTpost piled on today:
Under the "impossible triangle," AI glasses chips are entering an era of picking two out of three: performance, power, and cost.
The more it rises, the more people call it a peak,
the more it peaks, the more orders pour in.
Do you trust Huang Renxun or the sell-side research reports?