As the 'Big Short' predicts a market crash, a well-known investor presents an 'AI bull market timeline,' suggesting the bubble can continue to expand for another year.

The founder and portfolio manager of Niles Investment Management stated that there may still be room for the market bubble to expand.

Zhitong FinanceMay 12 16:43

Morgan Stanley 2026 Semiconductor Report: Buy Packaging, Buy Testing, Buy Chinese Chips, Avoid Traditional Tracks

Source: Morgan Stanley Greater China Semiconductors Research Report Date: May 8, 2026 I. Core Contradiction Global AI capital expenditure is expanding beyond expectations, but computing power supply is evolving from "NVIDIA monopolizing everything" to a three-track parallel model of "GPU + ASIC + locally-produced Chinese chips." The core issue is no longer whether demand is sufficient, but who can capture market share in this expansion phase and how quickly non-AI semiconductors will be marginalized during this process. II. Core Conclusions (By Trading

PANewsMay 12 14:17

Hong Kong Stocks Review: Memory Chip Sector Soars! Gold Stocks Plunge, Technology Shares Weaken

On May 11, the Hong Kong stock market saw a lackluster performance, significantly underperforming compared to the A-share market and external markets. By the close of trading, the Hang Seng Index rose by 0.05% to 26,406 points, the Hang Seng China Enterprises Index declined by 0.05%, and the Hang Seng Tech Index increased by 0.07%. Heavyweight technology stocks, considered market bellwethers, were generally weak. Storage semiconductor stocks and optical communication concept stocks posted impressive gains throughout the day, while mainland property stocks collectively advanced. Spot gold fell below $4,670 per ounce as strong non-farm payroll data dampened interest rate cut expectations, causing gold stocks to plummet sharply. Gaming stocks in Macau, port and shipping stocks, and coal stocks showed widespread weakness. Additionally, the newly listed company Ledong Robotics surged 127.6% on its debut. Specifically, large-cap

Gelonghui FinanceMay 11 16:46

Goldman Sachs: To determine whether there is a bubble in AI, one must first consider how many years GPUs will remain usable.

Regarding whether this wave of AI enthusiasm is a bubble or not, there has been incessant debate over the past two years. However, before repeatedly discussing 'whether this money is being well spent,' we seem to have tacitly accepted a premise: that this amount of money is a roughly fixed figure. However, a recent report by Goldman Sachs suggests that this premise may not hold true. Recently, Goldman Sachs Global Research released a report titled 'Tracking Trillions,' using NVIDIA's forward-looking data center revenue as an anchor point to estimate global AI infrastructure cumulative investments from 2026 to 2031.

DeepTechMay 11 13:42

ByteDance doubles down! Global AI capital expenditure continues to rise, and computing power enters full-chain inflation.

①ByteDance plans to increase its capital expenditure this year by 25% compared to its initial plan. ②DouBao's initiation of paid testing has been evaluated by multiple brokerages as a "milestone event," validating the current scarcity of computing power resources while also marking the preliminary stage of AI entering commercial monetization. ③Brokerages indicate that the golden era of domestic computing power has begun, and in the context of supply shortages, accessible computing power itself represents the most core asset.

cls.cnMay 10 12:23

Report: ByteDance plans to increase AI infrastructure spending by 25%.

Splashing over 200 billion yuan! ByteDance significantly increases its AI budget, doubling down on domestic chips and global infrastructure. Although the scale of investment still lags behind U.S. tech giants, China's AI sector is making strong headway within a unique collaborative ecosystem, with its robust catching-up momentum already causing deep concerns among Silicon Valley experts.

wallstreetcnMay 9 19:35