Bedrock Podcast Episode 20 – Looking Ahead to 2026: The AI Investment Landscape: China-U.S. Friction, Diverging Views on the Bubble, and Niche Opportunities?

Hello everyone, thank you for tuning in! In this episode, TC (CIO), Tracy (Analyst), and Claire (Host) from BEDROCK Investment bring you a forward-looking discussion on the trillion-dollar AI industry for 2026.

As a global investment firm, we focus on high-quality growth opportunities in technology and consumer sectors, maintaining close research tracking of Sino-US macroeconomic shifts and the AI industry over the past few years.

In this podcast, through an exchange of BEDROCK's internal investment research views, we aim to provide reference points on the following controversies, divergences, and questions concerning AI industry investment:

After three consecutive years of investment frenzy, with continuous breakthroughs in models and technology, increasingly diverse end-user scenarios, and rising penetration rates—how should we view recent frequent market skepticism questioning whether the "AI industry bubble is about to burst"?

On December 5th, China’s first GPU stock, Moore Threads—dubbed "China’s Nvidia"—listed on the STAR Market. On December 9th, the US allowed Nvidia to sell H200 chips to China. Against the backdrop of Sino-US friction, how should we place bets on chip investments in 2026?

Global tech giants like Google, OpenAI, Alibaba, Tencent, etc., continue to pour hundreds of billions of dollars into the large model race. Is such high-intensity capital expenditure sustainable?

Is the large model landscape already set? What niche opportunities are visible in the AI industry now—for instance, is the recently hotly debated AI power investment worth participating in? Are there better investment opportunities than tech in 2026?

Timestamps:

01:23 Macro Outlook: Fed Rate Cuts, Sino-US Chip Tech Gap & Opportunities

09:05 Is There an AI Bubble Now? Sources of Skepticism & Divergence

13:53 Rationale Behind High Capex in AI? Comparison with Real Estate

18:53 AI Companies' Management Needs to Lobby More Investors for Funding

24:51 The AI Industry is Not a "Mirage" – There Are Always Niche Opportunities

29:13 Perspectives on AI Power Investment Opportunities

33:47 The Large Model Landscape is Not Settled – Assessing Each Player's Strengths

37:54 The Allocation Value of Technology in 2026?