A research report from CITIC Securities highlights that the current input-output equilibrium in the AI industry remains delicate and has yet to achieve an optimal state. As AI capital expenditure (CAPEX) rises, the capacity of technology giants to deliver returns to shareholders is threatened by potential decline. Among the three pivotal drivers of revenue growth, efficiency enhancement, and cost investment, the successful commercialization of software SaaS emerges as crucial for sustaining the AI industry's balance in the near term. While the long-term outlook for the global AI industry is promising, factors such as fragile short-term return on investment (ROI), substantial CAPEX commitments, and sluggish application deployment are anticipated to fuel ongoing high volatility in AI computing power investments in U.S. equities. Consequently, adopting a contrary investment strategy is deemed optimal in the short run.