乔骁：美股震荡，不会改变AI发展长期方向

Group 1 - The core viewpoint of the article highlights a significant market correction in the U.S. stock market, particularly affecting the "Magnificent Seven" tech giants, raising concerns about the sustainability of AI valuations and the potential emergence of an "AI bubble" [1][2] - The "Magnificent Seven" companies, which include Apple, Amazon, Google, Meta, Microsoft, Nvidia, and Tesla, collectively lost nearly $1 trillion in market value, indicating a shift in investor sentiment towards AI stocks [1][2] - The CEOs of major financial institutions, including Morgan Stanley and Goldman Sachs, warned investors to prepare for a potential market correction of 10% to 20% in the next two years, citing various risks such as geopolitical tensions and high fiscal deficits [2] Group 2 - Despite the recent market downturn, the long-term outlook for AI investments remains optimistic, with McKinsey estimating that AI could contribute $7 trillion to the global economy by 2030, significantly higher than previous estimates [2][3] - Historical patterns suggest that technological revolutions often accompany capital bubbles, with the current AI wave potentially transitioning from hype to rational development, similar to the internet bubble's aftermath [3] - The temporary setback of U.S. AI stocks does not indicate a slowdown in technological competition, as emerging economies like China are making steady progress in AI infrastructure and applications, potentially gaining an advantage in the next cycle [4]