AI Faith Wavers: Sell-off Signals More Than a US Market Cold

Let me throw out a judgment first: this round of Asian tech stock sell-off looks on the surface like a "follow-the-leader drop" caused by the weakening after-hours trading of the US tech Seven Sisters, but the deeper logic is more dangerous—the market is shifting from the grand narrative of "AI can change everything" to the brutal validation of "how much money can AI actually make."