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Recently, US stocks' AI sector reported earnings, and the collapse started with Microsoft. I think the recent sharp decline in all assets is partly because they have risen a lot and are very expensive, and partly because capital expenditure has reached the point of return to scale. In plain language, the more you spend, the less you earn. Additionally, there is a growing fear of AI. The fastest collapsing sector is US stock SaaS. The root cause is also that Claude AI Coworker has become strong enough to a certain level, making big...