Wang Yuquan: AI is no bubble, but 2029 is the risk window
Technology investor Wang Yuquan of Haiyin Capital argues in a conversation that the current AI boom is not a bubble but a decade-plus technology shift, with the real risk window around 2029, when application paradigms in AI software, AI coding and autonomous driving become clear while revenue lags behind infrastructure spending. He expects 24/7 trading, quantitative strategies and stablecoin growth to amplify market swings, hurting memory makers such as SK Hynix and South Korea hardest, while leaders like Nvidia are undervalued. He also calls embodied AI and large language models overhyped, urges Chinese labs to close their models for safety and revenue reasons, and predicts a 70-30 split favoring China outside the US.
It offers a Chinese investor's view on the timing of AI capex risk and on how US and Chinese model strategies may diverge.