Top Chinese hedge funds say AI now 'super bubble' & is ready to burst

Wealspring Asset, founded by Yang Dong, who famously called the 2007 market peak in China, said AI stocks globally have become a "super bubble" and that "collapse point may not be far away". Shanghai Banxia Investment Management said "the trigger for the AI bubble to burst has already appeared", pointing to pressure on Anthropic's revenue growth as the specific evidence.