Woofun AI notes that Yang Dong, founder of Ningquan Asset, warned in his June 23 "2026 Half-Year Investment Report" that global AI stocks have formed a "super bubble" nearing collapse. He stated that many popular A-shares could drop by 80% to over 90%, labeling such risk-taking as irresponsible.

Li Bei, founder of Shanghai Banxia Investment, indicated in her June 21 monthly report that trigger conditions for an AI bubble burst have emerged. Citing Anthropic's ARR, she argued that downstream model revenue growth has significantly slowed, likely falling below market expectations by year-end with subsequent capital expenditure downturns probable.