TM: THE AI RETURN IS A FOUR-ROUND RETREAT IN 2000 AND THE CURRENT WHEEL NEEDS THREE TYPES OF PRESSURE RELIEF

On 2 August, according to Chinese research, the global AI chain began in mid-to-late June with a clear echo, especially in South Korea, where “high leverage, congestion and high-breeding”. Behind these are high-crowding and leveraging magnifications, macro-disturbation (e.g. expected rise in interest rate hikes by the Federal Reserve, renewed blockades in the Straits of Hormuz to push up oil prices, etc.) and market concerns about a renewed bubble (Meta rental calculus, Token's falling expenditure, etc.) on AI's way to this point. In fact, there were at least four rounds of larger-scale and longer-term retrenchments before the foam finally broke down in March 2000. The drop triggers are highly similar to the current round of adjustments: a short-term reversal of industrial trends; a “reversible wind” in the macro-environment; and overheat in valuation. Ultimately, the Technological Unit was able to rebound again, also due to the easing of these three pressures. Thus, for the moment, the stability of the market and even the re-opening of a new round of growth will require the cooperation of the three parties, namely, the overcrowding and high-leveraging (generally) digestion, the expected relief from the Fed interest rate hike or the landing of boots (observation of the July FOMC) and, more importantly, the new catalyzing of the financial and industrial sectors (July-August fiscal season)。