Citadel 创始人 Griffin 称 AI“几乎肯定”是泡沫，即便需求信号强劲
Citadel’s Griffin says AI “almost certainly” a bubble, even as demand signals stay strong
Citadel founder Ken Griffin says investors are almost certainly in an AI bubble, but thinks real technological transformation and bubbles can coexist. On the same day, SpaceX disclosed that AI revenue was approximately US$7.6 billion, accounting for more than half of quarterly revenue; Super Micro raised its guidance, and Musk said that computing power was scarce, showing that demand is still strong. Griffin said he wished he had owned Amazon then, using a dot-com analogy and emphasized that the warning was about valuation, not demand.
Griffin's bubble warning separates valuation disputes from technological transformation, suggesting that AI asset fluctuations may come more from valuation revisions than demand collapse. For the gold foreign exchange market, such remarks may exacerbate the recurrence of risk sentiment, and it is worth paying attention to the rebalancing of safe-haven funds between gold, Japanese yen, Swiss francs and risky assets; at the same time, strong demand signals may limit the sustainability of safe-haven transactions.
格里芬把 AI 泡沫与真实技术转型明确分离，并以 dot-com 中亚马逊幸存作参照，为当前 AI 估值争议提供了一个可对照的判断框架。
来源：ForexLive · investinglive.com