At the "Phoenix Bay Area Financial Forum 2026," held in Guangzhou on September 16, a lively debate unfolded regarding the future of artificial intelligence investments. The forum, themed "New Intelligence, New Openness," brought together government representatives, experts, and business leaders to explore new industrial opportunities in the intelligent era. During a panel discussion titled "The AI Investment Wave: Where Are the Real Opportunities?", Liu Jipeng, a professor at China University of Political Science and Law, and Lin Yuan, Chairman of Linyuan Investment, showcased sharply contrasting perspectives on the current investment landscape.

Professor Liu acknowledged the existing disagreements among investors but offered his personal take: "AI is certainly not baseless or a bubble; it represents the rise of a massive industrial revolution." However, he tempered this optimism with a cautionary note, stating that some AI stocks have indeed been overvalued, essentially "borrowing from the future." He advised that investors must exercise extreme caution and make accurate judgments during this critical phase.

The moderator, noticing a subtle and meaningful smile from Lin Yuan during Liu's remarks, seized the moment to ask for his views. Lin Yuan was direct in his industry analysis, stating that the AI sector is unequivocally in a bull market. He pointed to the clear concentration of market capital, talent, and policy support flowing into the AI track, with these resource aggregation effects continually strengthening. In his assessment, this trend is not only underway but still developing, and he confidently asserted that the AI industry has not yet reached its climax, leaving substantial room for growth ahead.