Yi Lihua: “There is significant divergence in market sentiment at current levels—the AI bubble isn’t as large as many imagine.”

Li Yihua, founder of Liquid Capital, stated: “The market has successfully withstood the impact of this black swan event in the short term. Regarding the midterm elections, consensus expectations point to Republicans losing control of both the Senate and the House; however, retaining control of at least one chamber would be viewed as a positive catalyst. Meanwhile, U.S. Treasury yields have peaked, leading to notably divergent market views.

While discussions about an AI bubble abound, real demand for AI is undeniably present—making it fundamentally different from the late-1990s internet bubble. Short-term pullbacks following a phase of overheating are normal and fall far short of constituting a systemic bubble.”