[Alliance DAO Co-founder: AI Trading Has Formed a Huge Bubble, Blindly Buying the Dip is Not Recommended] BlockBeats reported on November 7th that QwQiao, co-founder of Alliance DAO, stated, "I don't think anyone can confidently say whether AI stocks are currently expensive, cheap, or reasonably priced. That requires a crystal ball to predict future AI breakthroughs, supply chains, credit markets, politics, and the macroeconomy. And such a person simply doesn't exist. However, charts, investor psychology, and positioning suggest that AI trading is almost certainly a huge bubble. And when bubbles burst, they always fall excessively. Therefore, what gives me the confidence to buy AI stocks heavily is when the charts finally look like they are undergoing a long bottoming process, investor psychology is thoroughly and completely damaged, and AI is dismissed as a worthless trend on CNBC." [Original Link]