⚡ Yi Lihua: There is significant market divergence at current levels; the AI bubble is not as large as imagined. On November 2, Yi Lihua, founder of Liquid Capital, wrote that the broader market has withstood this black swan event in the short term. Currently, expectations for the midterm elections suggest the Republican Party may lose both chambers; even winning one chamber would be considered positive. Meanwhile, U.S. Treasury yields have likely passed their peak, leading to considerable divergence in market sentiment. Many are discussing an AI bubble, but AI demand is genuine and fundamentally different from the internet bubble of the past. A short-term correction after overheating is entirely normal and far from reaching the scale of a major bubble.