🫧 Chinese hedge funds warn that the AI bubble is ALREADY ready to burst.

Two well-known Chinese funds, Wealspring Asset and Banxia Investment, stated that the global boom in stocks related to AI technologies is looking more and more like a bubble.

➤ Wealspring called the situation a "super bubble" and warned that the point of its collapse "may be very close."

➤ The fund compared the current frenzy to the stock bubble of 2015, when the market was swept up in "mindless buying" of stocks.

➤ According to Wealspring's estimate, some of the most popular AI companies could lose more than 80% of their value.

➤ Banxia believes that the first signs of the bubble bursting have already appeared. As one of the signals, the fund pointed to the slowdown in expected revenue growth for Anthropic.

➤ Meanwhile, the index of Chinese AI companies has already risen by more than 35% since the beginning of the year, and the stocks of individual sector leaders, including SK Hynix and Micron, have more than tripled during this time.