Faith has not collapsed, it has just changed its way of measurement

When American investors withdraw from risk assets and the AI sector declines, many describe the current situation as a "faith collapse." But perhaps, faith has simply found a new expression.
In the past, faith was reflected in stock prices continuously reaching new highs; now, faith is reflected in whether companies can achieve profitability and real-world application.
To put it humorously, AI has moved from the "dream-driven" stage to the "account-driven" stage. The market no longer listens to slogans but looks at cash flow.
The pullback of risk assets is a natural response to tightening liquidity. Growth stocks tend to be more volatile in this environment.
But from a long-term perspective, technological progress has not slowed down. Improvements in model capabilities, deeper enterprise applications, and enhanced industry collaboration are still ongoing.
True faith is not emotion, but recognition of the trend. The ability of AI to change productivity and business models still exists.
Short-term price fluctuations are normal in capital markets. Long-term industry upgrades are the core logic.
When the hype subsides, the industry will enter a more mature stage. Investors will pay more attention to profitability paths and competitive barriers.
Faith has not disappeared; it has shifted from "infinite imagination" to "realistic fulfillment."
AI will not stop because of capital withdrawal; it continues to evolve amid market fluctuations.
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