CITIC Securities said Silicon Valley industry participants remain broadly optimistic about AI progress and view the technology as still in an early stage of development over the long term.
According to Jin10, the brokerage said in a research note that it conducted interviews with more than 10 technology industry experts in Silicon Valley in the United States in mid-June.
CITIC Securities said the discussions covered overall AI progress, the pace of model iteration and capability outlook, data center business models and the sustainability of capital expenditure investment, AI-driven semiconductor investment opportunities, the industrialization timeline for embodied robots, and world models.
The firm concluded that industry participants see significant market space and commercialization potential for AI over the long term.
CITIC Securities also said it spoke with several industry veterans who experienced the 2000 dot-com bubble. The firm said their shared view was that any industry goes through cycles and that the current cycle remains in an upswing.
However, the report said capital markets should closely monitor whether valuations align with earnings and the pace of supply-side capacity release. It added that short-term swings in liquidity and earnings expectations could cause significant market shocks.
AI TRENDS | Silicon Valley Industry Remains Optimistic on AI Progress, Report Says
2026-06-24 07:58:33
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