MORGAN CHASE WARNS OF THE FALL MARKET'S RETURN RISK: THE AI HEAT OR ANOTHER 2000 TECHNOLOGY BUBBLE

On 22 August, Chase Morgan indicated that, while the main United States equity indices were still on the upward trend, the market was at greater risk of retrenchment in late summer and early autumn. The bank strategist noted that current market internal indicators were weakening, that funds were beginning to shift to defensive assets and that investors ' confidence in AI-related equities had diminished. Jason Hunter, a Chase strategist, points out that the current trade boom around AI stocks is similar to the period of the technology bubble between 1999 and 2000 and that the market may have become over-centralized in terms of the share of technology. In addition, the continued rise in the return on United States debt, geopolitical tensions in the Middle East and weak consumer spending may further increase market pressure. Chase Morgan cautioned that while the long-term growth trend in the AI industry remained strong, high valuations, crowded transactions and changes in market sentiment in the short term could trigger fluctuations, and investors needed to be alert to potential fall sales risks。