Currently, the AI “bubble theory” argument continues to heat up in the global market. From the “big bear” on Wall Street to Dalio, the founder of Qiaoshui, the global investment community has diverse opinions and endless arguments. Despite market concerns about a potential AI bubble, many asset management giants still regard artificial intelligence as the main investment line at their 2026 Global Investment Strategy Conference. It is worth noting that in order to cope with the risks brought about by high valuations and rising industry concentration, more and more international funding is beginning to set their sights on AI tracks outside the US. In this context, China's technology sector is gradually becoming a “new battleground” for global capital allocation with its remarkable valuation advantages, complete industrial ecology, and large-scale manufacturing capabilities that are difficult to replace.

Currently, the AI “bubble theory” argument continues to heat up in the global market. From the “big bear” on Wall Street to Dalio, the founder of Qiaoshui, the global investment community has diverse opinions and endless arguments. Despite market concerns about a potential AI bubble, many asset management giants still regard artificial intelligence as the main investment line at their 2026 Global Investment Strategy Conference. It is worth noting that in order to cope with the risks brought about by high valuations and rising industry concentration, more and more international funding is beginning to set their sights on AI tracks outside the US. In this context, China's technology sector is gradually becoming a “new battleground” for global capital allocation with its remarkable valuation advantages, complete industrial ecology, and large-scale manufacturing capabilities that are difficult to replace.