《贪婪与恐惧》作者：中国在AI发展领域比美国更具优势，已清仓英伟达

Group 1 - Christopher Wood warns that the market is in a state of irrational exuberance, ignoring fundamentals, which is likely to lead to a market crash [1] - Wood emphasizes that the true beneficiaries in the AI sector are the companies providing foundational infrastructure, such as Nvidia, SK Hynix, and TSMC [1] - Wood has shifted his investment strategy to focus on China rather than the US, citing China's advantages in energy over the US's computational power [1] Group 2 - Wood believes that China is adopting a more sensible strategy in AI development by focusing on commercially viable applications, leading to an "inference boom" [2] - In contrast, US companies are spending heavily to develop their own large language models, which Wood argues will not achieve AGI simply by scaling up [2]