NVIDIA's earnings report was explosive, but the stock dropped 5%, completely opposite to the 20% surge after the previous earnings release. There's no doubt that AI is the most important trend of the next 10 years, but major tech companies are spending hundreds of billions of dollars, with the top 20 tech companies' AI expenditures for fiscal year 2026 nearing $1 trillion. Massive spending + energy constraints + midterm election uncertainties, the U.S. stock market will likely enter a bear phase in the second half of the year. A bear market is also a great opportunity to invest in AI.