AI stock trading, Chao Wang: "Almost certainly a massive bubble"

Alliance DAO co-founder Qiao Wang said AI-related equity trading is “almost certainly a massive bubble,” arguing in a social media post on the 7th that no one can confidently judge whether AI stocks are currently expensive or cheap. He cited charts, investor sentiment and positioning as the basis for his call, per BlockBeats. Wang said valuing AI stocks properly requires forecasting future technological progress, supply chains, credit markets and political and macroeconomic conditions—variables he believes no one can predict accurately. The warning matters because AI-linked names have driven much of the recent equity rally, and Wang’s framing shifts the debate from individual stock valuations to whether trading overall is overheated.