On September 30th, the Bank of England issued a warning that valuations in the artificial intelligence (AI) sector may face a sharper correction than in July, emphasizing that such a collapse could have widespread implications for global economic growth and sovereign bond yields. In their quarterly Financial Stability Report, Bank of England policymakers noted that interconnected vulnerabilities within the financial system are intensifying, with an increased likelihood of multiple risks materializing simultaneously. Among these, the vast AI market stands out as a primary risk source, while the renewed escalation of Middle East conflicts is also viewed as a contributing factor. The Bank of England believes that the escalation in the Middle East could trigger a prolonged negative supply shock to the global economy, thereby elevating sovereign debt risks. Previously, the central bank has repeatedly cautioned that asset bubbles may be forming in areas such as AI-related stocks, credit markets, and sovereign debt.