---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42642494.md"
description: "This wave has taken quite a few pullbacks, and many people have been asking for opinions via private messages these past two days. The judgment that AI is a major opportunity on a ten-year scale has not wavered at all. A significant part of the intense pain from this wave of pullbacks is because many people added leverage during the rally, and secondly, it might be due to buying at the peak. If you hold positions with a slightly longer duration, like $Alphabet(GOOGL.US), $AMD(AMD.US), $Taiwan Semiconductor(TSM.US), or DRAM, the returns for this year are still decent, not painful. To summarize the lessons learned, we should focus on these two points, not say AI is over just because the stock price fell. Finally, some believe value will shift downstream in AI, for example, to cloud computing, or to model and application companies (the two are also in a game of their own). I think it will inevitably happen in the long term, but it's not clear enough in the short term at the moment."
datetime: "2026-07-14T04:57:57.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42642494.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42642494.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42642494.md)
author: "[晓风 morning_wind](https://longbridge.com/en/profiles/6620864.md)"
---

# This wave has taken quite a few pullbacks, and man…


### Related Stocks

- [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md)
- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)
- [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md)
- [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md)
- [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md)
- [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md)
- [GOOGN.US](https://longbridge.com/en/quote/GOOGN.US.md)

## Comments (8)

- **人送外号川渝美食家 · 2026-07-14T09:42:20.000Z**: Value will shift downstream to AI, such as to cloud computing, model companies, and application companies (the latter two are also in a game of power). I think it's inevitable in the long term, but in the short term, it's still not clear enough.— Strongly agree
- **读书投资成就人生 · 2026-07-14T08:16:13.000Z**: Bro, I'm currently concentrated in cloud platforms like Google and Microsoft. I want to take advantage of this pullback to add some positions in semiconductors. Do you have any specific targets or directions to recommend?
  - **晓风 morning_wind** (2026-07-14T11:21:05.000Z): Can consider smh
- **Silas_ · 2026-07-14T05:14:13.000Z · 👍 2**: AI is a structural wave, and buy and hold is the best strategy. However, there will be many painful pullbacks along the way, so be extremely cautious with leverage from margin financing. Even if you are bullish in the long term, if you don't control your cost basis and position size well, and then a
- **不炒股改堵法国夺冠 · 2026-07-14T05:11:47.000Z · 👍 2**: Ate
  - **听香琴断** (2026-07-14T05:23:37.000Z): You got on at 48, and I'm stuck at 47 in the wind 😭
- **子尤1003 · 2026-07-14T05:10:07.000Z**: Why is Google so weak? It can't outrun Microsoft and Apple.
- **陆羽鸿渐 · 2026-07-14T05:05:25.000Z**: Think independently and distinguish right from wrong👍