Svmuureported that AI investor qinbafrank posted on X platform, stating that after Jensen Huang mentioned AI PCs, funds flowed into the PC and CPU industry chain; after mentioning AI Factories, funds flowed into liquid cooling, high-voltage power, power distribution, and electricity sectors; after he stated that Marvell would become a trillion-dollar company, Marvell rose 30% that day, increasing its market cap by hundreds of billions of dollars from $200 billion. The market has become overheated; such parabolic rises for any asset are unsustainable.
He stated that the current support logic for the market is based on AI commercialization having reached an inflection point and is growing rapidly, with the key being whether the growth rate of AI commercialization will slow down. As long as the annualized revenue of large model companies is still growing and the cloud businesses of big tech companies continue to exceed expectations, the business logic remains unbroken; if the performance of large model companies falls short of expectations in the future, there will be issues at the underlying level of the market's narrative logic, potentially leading to at least a medium-scale correction, and related logic will need to be reset.