Shanghai field trip: China investors say the AI trade is over, question 2027 capex
SumitGup · x · 2026-11-04
Jukan's Shanghai trip found sentiment among Greater China investors far worse than expected: A-shares haven't rebounded since July, investors are stuck in crashed Chinese AI and Korean memory stocks, many say the AI trade is over, and some doubt even 2027 (not just 2028) capex will proceed as planned. The bearishness was strong enough to shake the author, a prior bull. The reposter notes the Chinese have a better read on the AI bubble than US investors.
Related event: Shanghai visit reveals extreme pessimism among China AI investors(2 posts)→
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