According to brokerage China, Xing Ziqiang, China's chief economist at Morgan Stanley, recently shared his latest views at a media conference. Xing Ziqiang believes that recent fluctuations on the AI circuit have not worsened fundamentals; they are due to crowded transactions, weak financing from major manufacturers, and resonance in expectations of rising oil prices to raise interest rates. He believes that AI investment has entered a “half-time break,” and the logic is shifting from chasing the upstream of computing power chips to two new main lines of supporting AI applications and HALO resources.

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