AI Market Analysis: The Growth Rate of AI Commercialization is Key to Current Market Logic

Odaily reported that AI investor qinbafrank posted on platform X, stating that after Jensen Huang mentioned AI PCs, funds flowed into the PC and CPU supply chain; after mentioning AI Factories, funds flowed into liquid cooling, high-voltage electricity, power distribution, and related sectors; after he stated that Marvell would become a trillion-dollar company, Marvell rose 30% that day, increasing its market cap from $200 billion by tens of billions. The market has become overly frenzied, and such parabolic rises in any asset are unsustainable.

He stated that the current fundamental support for the market is that AI commercialization has reached an inflection point and is growing rapidly. The key lies in whether the growth rate of AI commercialization will slow down. As long as the annualized revenue of large model companies continues to grow and the cloud businesses of big tech firms continue to exceed expectations, the business logic remains intact. However, if the performance of large model companies falls short of expectations in the future, the underlying narrative logic of the market will be flawed, leading to at least a mid-level correction and requiring a reset of the relevant logic.