In his latest report on August 31, Torsten Slok pointed out that if AI commercialization succeeds, trillions of dollars in revenue for tech companies will generate a large-scale deflationary effect, pushing down long-term interest rates. If the AI bubble bursts, the Nasdaq index could plummet by 50%, and investors would flock to U.S. Treasuries for safety, similarly driving long-term yields sharply lower. Slok emphasized that the next six months are a critical window for the market to form a judgment on the trajectory of AI development.