For the entire AI industry chain, the best bullish signal is Anthropic and OpenAI exceeding revenue expectations and achieving net profits. This way, the industry won't have to keep relying on debt financing and can continuously ramp up infrastructure investments. Hopefully, domestic players like DeepSeek and Doubao can also turn profitable and exceed revenue expectations. Only then can the expanded semiconductor production capacity continue to sell at high prices, and the major hardware manufacturers in the semiconductor industry can keep delivering earnings reports that exceed expectations.