Yi Lihua: There is significant divergence in the market at the current position, and the AI bubble is not as large as imagined.

November 2: Liquid Capital founder Yi Lihua stated in a post that the short-term market has withstood this black swan event. Currently, midterm election expectations are that Republicans will lose both chambers; winning even one would be considered a positive, and with US Treasury yields having peaked, there is significant divergence at the current position. Many people are discussing an AI bubble, but AI demand is real and completely different from the internet bubble of those years. A short-term correction after overheating is very normal and far from reaching the scope of a major bubble.