Fu Peng: The key to determining the rise and fall of global assets in 2026—Is there really a car running on the AI "highway"?
Fu Peng stated that the current core contradiction in the AI industry is "the road is built, waiting for the car to run." The upstream computing power infrastructure investment has been basically completed, and 2026 will enter the "year of falsification" for whether downstream enterprise-level applications can land and realize profits. If AI is falsified, global stock markets will face severe fluctuations. Currently, the U.S. stock market (especially the AI sector) is the core of global "productivity," and the volatility of major global assets is highly bound to it. If AI is ultimately proven to be a bubble, not only the U.S. stock market but also global stock markets, including Japan and Europe, will collapse, "this is a grasshopper on the same rope."
