华安基金：投入转化业绩存疑 避险资金恐惧美股AI泡沫

Group 1 - The core concern is the rising fear of an AI bubble in the US stock market, driven by significant capital expenditures and record-high valuations of AI-related companies [1] - Increased volatility in the market, as indicated by the rising VIX index, suggests a surge in demand for safe-haven assets like gold [1] - There is a notable risk that if the outcomes and returns from AI investments do not align with the substantial initial investments, it could impose significant burdens on companies [1]