Chen Guo of Dongcai: AI is not everything, there is gold everywhere in Chinese consumption, and the three major U.S. IPOs have a hint of bubble.
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Whenever the narrative of a great era reaches its climax, the market always starts asking the same question:
After consensus, what remains?
In the past year, AI has undoubtedly been the strongest theme in global capital markets. But as trades become increasingly crowded and valuations keep rising, the market has
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