$XIAOMI-W(01810.HK) In recent days, the leading stocks in the U.S. market have also entered a correction period, especially for AI-related companies. After the earnings reports of these leading companies were released, coupled with subsequent increases in AI spending, their stock prices have plummeted drastically. Overall, both the U.S. and Hong Kong stock markets have performed poorly. Unfortunately, Xiaomi is a company that dabbles in hardware, software, manufacturing, the internet, and technology. Fortunately, it has been relatively conservative in each of these areas, including AI. Recently, Xiaomi's valuation has been slashed by 50%, but I don't think shorting Xiaomi further is worth it. If shorting Xiaomi in the past few months was due to rising memory prices and a sluggish auto market, in the current AI bubble scenario, I don’t believe continuing to short Xiaomi will yield more returns. The $50 billion in short positions would be better off being used to invest in U.S. stocks or short other overvalued companies rather than shorting Xiaomi.