Liquid Capital founder Yi Lihua said the market had weathered a recent black swan event in the short term and that AI is far from a major bubble. According to Odaily, Yi said expectations were that Republicans would lose both chambers in the midterm elections, making a Republican win in either chamber a positive outcome, while U.S. Treasury yields had passed their peak. He said AI demand is real and unlike the demand behind the dot-com bubble, adding that a short-term correction after overheating is normal.