Yesterday's conversation with 168X from the three major debates about Ai: https://(x.com)/qinba frank/status/1988572662415990801? S=46&t=k6rimWsEbo2D2tXolYcM-A starts with the three major capital logics of penetration dividend, capital expenditure war, optical interconnection and CPO, Nokia and edge computing, and current shortage/upgrade/forward, followed by the judgment framework of the US stock market adjustment of large, medium and small levels, as well as the adjustment framework of individual stock valuation, performance killing and logic killing, and then to the liquidity impact and encryption of SpaceX IPO and the other two giant IPOs. Basically, I have talked about several years of immature thinking and observation. I recommend it to my friends to take a look and welcome your guidance and suggestions. Thank you also to @ 168MrZ @ vcmktasa for the invitation and very thorough preparation.