Justin Sun: Slightly Bearish on the Nasdaq in the Medium Term, No Short Position Yet On October 16, 2026, Justin Sun (@sunyuchentron) stated in an interview with William Joy that he is slightly bearish on the Nasdaq in the medium term, but is maintaining his positions and has not yet shorted it. He believes that concentrated investment has led to signs of overvaluation in the Nasdaq and AI sectors, and rising US Treasury yields may attract capital inflows, putting pressure on equity assets. He also pointed out that the cyclical financing within the AI industry has deepened the risk correlation, and the possibility of overcapacity in chips and computing power in the short term cannot be ruled out, but he remains optimistic about the long-term applications of AI in areas such as data processing. Source: William Joy