For the current AI analysis in US stocks, once you understand it, you’ll know what to do.

The recent drop is short-term volatility driven by market sentiment and deleveraging. It’s an adjustment during a bull market rally, not the start of a bear market. All of this looks like it’s being planned and controlled by a pair of hands.

The AI big cycle has not ended. Commercial demand continues to strengthen, and application scenarios are expanding even further. This will keep unlocking incremental space. Not a single risk signal indicating an industry bear market has appeared—what you see is only a self-directed, self-performed deleveraging script.

The compute shortage still remains. Keep an eye on the earnings reports of giants like Google, Meta, and Amazon (look at capital expenditures). In a compute arms race, they won’t easily cut back on spending.

This round of pullback is only a valuation correction for the AI sector. It’s a continuation within a bull market. It’s easy to knock out a “golden pit” and then break to new highs again, so there’s no need to stay bearish on AI long term. #台积电Q2净利暴增77.4%