The United States has no way of turning back in the AI ​​track. Xie Jinhe: The overpriced stock price will correct itself.

The Democratic Party swept the U.S. midterm elections, triggering fears of stricter regulation of artificial intelligence (AI) and obstacles to data center construction. The global sell-off in technology stocks intensified, and massive selling pressure on U.S. stocks was blamed by U.S. President Trump on the Democratic Party's victory in the midterm elections. Xie Jinhe, chairman of Caixin Media Group, said that in fact, in a democratic system everyone has a number and everyone can speak out, but society will have an adjustment mechanism and everyone will adjust in a direction that is beneficial to everyone. He also bluntly said, "The United States has no turning back on the AI track, and it will still return to its original track after the stock price corrects!"

Xie Jinhe posted a post on Facebook with the title "This scare taught everyone a lesson!" He pointed out that the U.S. midterm elections are over, and the first lesson that the Democratic Party's victory has brought to the world is anti-AI. Candidates who had previously requested to suspend the construction of data centers were elected. The U.S. stock market plummeted on the second trading day after the election, and the Nasdaq and Philadelphia Semiconductor Index both experienced epic declines.

Xie Jinhe said that the Taiwan stock market has once again repeated the drama of April 17 last year. The stock market opened with a gap of 3735, TSMC also set a price limit of 2020 yuan, and stocks with price limits everywhere were everywhere. South Korea's stock market opened at 4911.28, a drop of nearly 10%, and Japan's Nikkei index plummeted to 4033.75 during the session. No one in the countries participating in this AI game is spared.

Xie Jinhe bluntly said that the U.S. Democratic Party has swept both houses of Congress and has made many "weird" words and deeds. In addition to the three governors who opposed the construction of the data center, Abdul EI Sayed, a Muslim doctor who won the election in Michigan, advocated that the United States stop developing AI. Some people asked him that if the United States stops AI and China continues to develop, what should the United States do? He said China would stop too!

Xie Jinhe mentioned that some people advocate that Musk should be brought to justice and the company should be nationalized! California is planning to impose extremely high taxes on the rich, as if the United States is going to follow the path of a communist society. Seeing the stock price plummeting, Trump came out to scold the Democratic Party for causing the stock price drop, but also told voters that they could only blame themselves!

Xie Jinhe pointed out that in the democratic system, everyone has a number, and everyone can speak out, but society will have an adjustment mechanism, and everyone will adjust in a direction that is beneficial to everyone. For example, the governor-elect of Texas, who previously opposed data centers, came out and said that she does not hate data centers. She has no objection to existing data centers, but needs to strengthen supervision of new applications. The young and newly elected senator from Texas also came out and expressed his willingness to talk and communicate with Musk!

Xie Jinhe analyzed that after this suppression, the overpriced stock price will correct itself! The Vix panic index, which has increased by 70%, will also come down! There is no turning back for the United States on the AI ​​track, and the stock price will still return to its original track after correction!