CSC’s Yu Haining: Tech Stock Pricing to Return to Fundamentals, Bullish on AI’s Long-Term Growth

Yu's remarks frame the current tech pullback as a pricing dislocation rather than a thesis break, with the return to orders, demand and earnings hinging on external uncertainties clearing — a condition he leaves unspecified. The view matters most for AI-linked equities, where he acknowledges a阶段性 adjustment and diverging industry views while keeping the long-term growth case intact. Whether earnings expectations actually re-anchor pricing, and how external uncertainties resolve, is the open question.