AI infrastructure and semiconductor-related names such as SK Hynix, Micron and Lumentum continued to outperform, showing that investor demand for AI exposure remains strong despite concerns over higher capex and valuations.
Alibaba's results also highlighted this trend cloud and AI revenue surged, but profitability came under pressure as investment spending accelerated.
With Treasury yields rising again and Jackson Hole approaching, volatility could remain elevated in the near term
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.