The wave of super IPOs is sweeping through the US stock market! The AI bull market frenzy faces a triple pressure test of "IPO drain + US bond yield pressure valuation + crowded positions".

According to the Wise Finance APP, Tony Pasquariello, the head of the global hedge fund coverage business at the Wall Street financial giant Goldman Sachs, said that as US stock IPO activities continue to heat up and tech companies related to AI continue to raise large-scale financing, investors are paying increasing attention to whether the US stock market can digest this wave of continuously growing new stock listings super wave. In the view of Goldman Sachs, the US stock super bull market since 2023 is facing multiple market pressure tests such as "large-scale pumping on the supply side + pressure on valuation from long bond yields + increasingly crowded AI theme positions", this test will not necessarily end the bull market, but as funds reallocate positions, valuation expansion will become more difficult and US stocks are more likely to enter a phase of periodic correction or high volatility consolidation period.