According to CoinMeta, in an interview with William Joy, Sun Yuchen expressed a slightly bearish outlook on the Nasdaq index, but still retained his holdings and had not taken short positions yet. He believes that the clustering of funds has led to inflated valuations in the Nasdaq index and the AI sector. The rise in U.S. Treasury yields may attract capital back, putting pressure on equity assets. He also pointed out that the circular financing within the AI industry has deepened risk correlations, and there is a possibility of overcapacity in chip and computing power in the short term. However, he remains optimistic about the long-term applications of AI in areas such as data processing.