When will AI reach its peak? How to translate I have been researching AI these days and wondering where the pinnacle of AI in the US stock market will be. Regarding when AI will reach its peak, opinions from well-known analysts and institutions in the market are very mixed and difficult to unify. For example, Bank of America (BofA) warns of an "air pocket" in 2026, where investments continue but returns lag, leading to a short-term sharp correction in stock prices. Goldman Sachs, for its part, believes that AI capital expenditure may reach 700 billion US dollars, which is equal to the peak GDP proportion of the telecommunications foam in the 1990s. There is still room for expansion. What do you think, silly brother? 1. The US stock market is indeed overvalued and at a high level. Buffett is heavily defending. 2. The core of the US stock market lies in AI. Whether AI can generate revenue at the application layer or not will determine whether the entire AI stock market will collapse. It's time for Wall Street as a whole to test its profits. But from the signs, it seems that there are difficulties in implementing the application layer. 3. The deployment of computing power clusters has reached its peak growth rate in H1 this year. However, judging from the token sales of the large model, the overall performance is still within the normal range. The sales revenue actually did not show a significant increase on paper. 4. Taking all factors into consideration, AI stocks look to the later stages of the bull market. 5. Considering that SpaceX may go public on the 26th Mid, the layout of AI stocks can be completely withdrawn before its listing. But my skills in the US stock market are still relatively shallow, let's learn and think at the same time.