Keep pulling the thread on Ozan Tarman, Aditya Singhal.
According to Deutsche Bank researcher Jim Reed, corporate earnings growth in Q1 reached 24%, the highest level in five years.
A widely circulated research piece by "Citrini" predicted that AI could eliminate 50% of white-collar jobs within 12 to 18 months.
Investor Paul Tudor Jones has publicly stated his belief that the current AI rally will continue, drawing an analogy to the 1999 dot-com bubble.
China and its aligned nations account for 55% of the world's manufacturing capacity, with their share reaching as high as 90-95% in certain sectors.
China controls the entirety of the world's cobalt refining capacity.
China and its aligned nations are the primary creditors to Western countries, which are net debtors.
A primary objective of a recent high-level US diplomatic visit to China is to address and rebalance the bilateral current account deficit.
Aditya Singhal argues that Western nations must completely rebuild their domestic manufacturing capabilities to reduce their strategic dependence on China.
The primary competitive risk to the Western AI industry is not its internal development pace but the significant and often underestimated advancements being made in China.
China is making substantial investments in its domestic AI ecosystem, including developing advanced models like Deepseek Version 4 and GLM-5 and building out GPU clusters using Huawei hardware.
The Bank of Japan recently intervened in the currency market to strengthen the yen against the dollar, an action which subsequently caused US interest rates to fall and provided a boost to equity markets.
The current valuation of AI-related stocks is predicated on the market's expectation of massive capital expenditure in the Western AI technology stack over the next three to four years.