During a financial forum on September 16th, two prominent investment figures presented contrasting views on the current state of the AI sector. Liu Jinpeng, a professor and doctoral supervisor at China University of Political Science and Law, issued a caution that specific AI stocks have become overvalued, with prices potentially exceeding their long-term fundamentals.

In the forum's panel discussion centered on locating genuine opportunities within the AI investment wave, Liu and Lin Yuan, Chairman of Linyuan Investment, engaged in a spirited debate. Acknowledging the divergence of opinion, Liu posited that AI is not a groundless phenomenon or a mere bubble, but rather the onset of a massive industrial transformation. However, he reiterated a warning that certain stocks in the space have run too far too fast, and urged investors to exercise extreme caution and make accurate judgments during this period.

As Liu concluded his remarks, Lin Yuan offered a knowing smile, a detail the host promptly seized upon to invite his perspective on the sector. Lin Yuan was direct in his assessment, stating confidently that the AI industry is currently in a bull market. He observed that capital, talent, and policy resources are all flowing into the AI track, with the concentration of industry resources becoming increasingly pronounced. In his view, this trend has not only already occurred but is also continuously intensifying, leading him to conclude that the AI market has not yet reached its peak and still possesses considerable room for growth.

The exchange between the two experts injected a palpable tension into the discussion. The fundamental question of whether AI represents a true industrial revolution or a localized bubble remains a key point of contention for the market.