#AI基础设施投资 Seeing this analysis by Banmu Xia, my thoughts have once again returned to those recurring cycles. The ICO bubble in 2017, the DeFi frenzy in 2021, and this year's AI infrastructure boom—each cycle is accompanied by the same anxiety and skepticism.

Now hearing statements like "AI bubble concerns are fully priced in," actually signals that the market is self-correcting. I've experienced many such moments: when all pessimistic expectations are already priced in, it often becomes the best entry point. Weak non-farm payroll data "not bad but not too bad," Federal Reserve expanding its balance sheet to release liquidity—all point in the same direction.

The key is to understand the essence of cycles. Investment in AI infrastructure won't change its long-term direction due to short-term adjustments; each dip simply eliminates those with fragile psychology. History has shown me that real opportunities often appear when most people are fearful, not when they are cheering.

The next 1-2 months are indeed worth re-evaluating the allocation of risk assets. But this is not a one-time decision; it’s about mentally preparing for the upcoming cyclical AI bubble concerns—each pullback is a filter, until the day the market truly goes crazy.