[AI Valuation Concerns Intensify, European Credit Default Protection Costs Rise] According to a report by Jinse Finance, on July 17, as concerns over potentially overvalued artificial intelligence companies intensified, investor risk appetite declined, leading to an increase in euro-denominated credit default protection costs. Investors are questioning how much longer the rally in the AI sector can last, prompting a sell-off in tech stocks and a reduced preference for risk assets. Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover Credit Default Swap (CDS) Index, which measures high-yield credit risk in the Eurozone, rose by 2 basis points to 253 basis points. (Jin10)