For me, the Anthropic-Akamai deal is another reminder that AI infrastructure spending is still expanding even as the cost of capital rises. I am still constructive on the long-term AI story, especially semiconductors and compute infrastructure, but I am becoming more selective about valuation and leverage. A 5.5% 30-year Treasury yield changes the opportunity cost significantly, so I would rather accumulate quality AI names gradually on pullbacks than chase a strong move after the headlines.

I am also watching PCE and the jobs report closely because higher-for-longer rates could create more volatility for growth stocks and REITs. I would not rush to make a major portfolio shift based on one rate move. My approach remains simple: keep some cash available, continue DCA into companies I understand, and use weakness to build positions instead of FOMO buying strength. AI demand can remain strong while multiples still compress, so I think both the growth story and the cost of money need to be respected.