Jin Shi Shu Ju·2025-10-24 13:29Group 1 - The core viewpoint is that investors are navigating the current AI stock boom while trying to avoid excessive risks, drawing parallels to the internet bubble of the late 1990s [1][2] - Amundi's Francesco Sandrini highlights irrational exuberance in the market, particularly in trading risk options for large AI stocks, but expects the tech enthusiasm to continue [1] - Investors are looking for growth opportunities in sectors like software, robotics, and Asian tech markets, while also diversifying within the AI space [1] Group 2 - Goshawk's Simon Edelsten expresses skepticism about the sustainability of the AI boom, predicting a chaotic outcome as companies invest heavily in an undeveloped market [2] - Historical analysis suggests that hedge funds successfully navigated the internet bubble by selling high-priced stocks and reinvesting in lesser-known opportunities, achieving a quarterly market outperformance of about 4.5% from 1998 to 2000 [3] - Edelsten believes that IT consulting firms and Japanese robotics companies will benefit from the revenue generated by AI giants, indicating a typical evolution in market trends [3] Group 3 - Fidelity International's Becky Qin identifies uranium as a new investment target due to the high energy consumption of AI data centers [4] - Concerns are raised about potential overcapacity in data center construction, reminiscent of the telecom "fiber bubble" [4] - Despite strong earnings from top AI stocks, some investors see signs of a bubble and favor Chinese stocks as a hedge [5] Group 4 - Janus Henderson's Oliver Blackbourn is using European and healthcare assets to hedge against potential downturns in US tech stocks, emphasizing the unpredictability of the AI boom's duration [5] - The sentiment reflects a broader concern that the current market environment may resemble the pre-bubble conditions of 1999 [5]