This morning's market trend arrived as expected, with collective weakness in the computing power concept stocks, and this wave of adjustment is mainly a chain reaction from the volatility of US tech stocks. Recently, Wall Street has been speculating about the monetization difficulties of AI, leading to pessimistic expectations for the demand side of computing power, but upon closer reflection, such concerns may not be well-founded.

From the fundamental logic, AI large models are reshaping the way the internet is accessed. Whether it's search interactions, e-commerce shopping, or content acquisition, the new generation of user entry points are shifting towards AI assistants — this is essentially a new traffic revolution. As long as this route is established, monetization is not a false proposition but a matter of time.

The market's short-term panic often stems from delayed recognition of the new ecosystem. The current adjustment is more a cyclical fluctuation of tech stocks and is not enough to shake the long-term upward trend of the AI industry chain. For such sectors, short-term noise cannot obscure the long-term main line.