After a significant pullback in the AI industry chain, prominent private equity figure Ge Weidong has publicly reiterated his confidence in the sector through a social media post.
In a post on his social media feed on July 29, Ge stated, "I believe it's not over yet. After all, this is the path closest to following the divine. Who would stop? Anyone who stops will face a dimensionality reduction attack! This is something the top AI talent in Silicon Valley and China understands best."
This latest statement comes after Ge had posted on July 2, advising, "Half a year has passed in the blink of an eye! For the second half, we need to protect our gains, strengthen our exercise, and cultivate our character." In hindsight, his early July comments were seen as a "bellwether for the AI correction."
Notably, Ge later clarified that he had not turned bearish on technology or reduced his holdings in tech leaders. He reaffirmed his bullish outlook for the second half of the year on AI, computing power (core stocks), semiconductors (core stocks), and hard tech sectors, stating that market fluctuations do not alter the long-term trend.
With AI concept stocks now experiencing a deep correction, Ge's latest stance is being interpreted by the market as a renewed affirmation of the long-term AI investment theme.
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