Two Chinese Hedge Funds Warn of an AI Stock 'Super Bubble'

Two prominent Chinese hedge funds have described the surge in AI-related stocks across global markets as an unsustainable bubble that may be close to bursting, according to letters sent to investors. Wealspring Asset, which manages more than $1.4 billion, and Shanghai Banxia Investment Management Center, with over $294 million under management, both issued sharp warnings about the AI rally.