Chen Hanxue, a macro analyst at Guojin Securities, pointed out in an interview with reporters that if individual AI-related stocks are divested, the overall health of the market may be overestimated. Looking ahead to 2026, Chen Hanxue told reporters that the biggest opportunity for US stocks in 2026 is whether the AI narrative can shift from infrastructure construction to a closed commercial loop at the application level, while the biggest risk lies in the “internal melting point” and “external inflection point” of the AI bubble.

Chen Hanxue, a macro analyst at Guojin Securities, pointed out in an interview with reporters that if individual AI-related stocks are divested, the overall health of the market may be overestimated. Looking ahead to 2026, Chen Hanxue told reporters that the biggest opportunity for US stocks in 2026 is whether the AI narrative can shift from infrastructure construction to a closed commercial loop at the application level, while the biggest risk lies in the “internal melting point” and “external inflection point” of the AI bubble.