After looking at a lot of data and financial media reports, the general professional opinion is that AI is currently in a stage similar to the internet era of 1997-1998, and we’re still some time away from the actual bubble burst phase. Compared to the last internet bubble, AI investments in the primary market now are like 1999, the secondary market is like 1998, and actual market demand is like 1996-1997. Even Alibaba’s CEO mentioned during the earnings call that there won’t be a bubble crisis within the next three years. So subjectively, I still feel that U.S. tech will continue to strengthen next year. This is good news for both U.S. stocks and crypto. In fact, AI demand is also driving sectors like photovoltaics, energy storage, memory, optical modules, and other domestic industries, which is directly beneficial. This is also good news for the A-share market. If the AI bubble really bursts one day, the crypto market, U.S. stocks, and A-shares will all take a hit.