“Today, we can say that agentic AI has arrived, that useful AI has arrived.” On June 1, 2026, Nvidia CEO Jensen Huang’s definitive declaration at the COMPUTEX Taipei GTC ignited an immediate repricing of the AI software ecosystem across capital markets. The global artificial intelligence industry is currently experiencing a fundamental paradigm shift in its valuation logic—transitioning completely from a purely “technical narrative” to tangible “industrial realization.” The market is no longer willing to pay a premium for mere parameter scale; instead, it is sharply asking how much quantifiable commercial value computing power actually creates. In this sweeping transformation geared...