Jian Lim @jianswang: "Despite the recent market downturn,..."

Malaysia

Despite the recent market downturn, we continue to outperform the broader market. People are worried that AI stocks like $GOOG (Alphabet) , $NVDA (NVIDIA Corporation) , $AVGO (Broadcom Inc) , $AMZN (Amazon.com Inc) , $TSLA (Tesla Motors, Inc.) , $META (Meta Platforms Inc) , $MSFT (Microsoft) , $AMD (Advanced Micro Devices Inc) could be a bubble, similar to the dot-com bubble. However, a key difference is that during the dot-com era, many companies had little to no profit, whereas AI is already widely integrated into daily life. AI use cases continue to expand, and adoption is only increasing. Personally, I do not think AI is a bubble. The main risk lies in how quickly AI use cases become commoditized and how volatile the transition period may be. Fluctuations along the way are to be expected. Our long-term investment strategy remains focused on positioning the portfolio with a balanced risk-to-reward profile. For example, I have recently been looking at $ADBE (Adobe Systems Inc) . Its valuation has declined due to concerns that AI could erode its market share. While I agree that competition may increase, I also believe the company is actively positioning itself to benefit from AI technology, which, in my opinion, will not become obsolete in the near term. Lastly, short-term market movements are extremely difficult to predict, especially due to political and macroeconomic factors. Therefore, we must remain patient as long-term investors and continue to add funds periodically.