AI overextended again? Or it has more runway to run?

PawsAndProfits
09-23

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌

No matter you like it or not, every single company in this world is jumping on the AI bandwagon, whether it makes sense or not. However, is the valuation overstretching again after a retracement in August and September? Heading to 4th quarter of the year, I am taking a defensive stance, not overexposing myself to any particular sector.[Tongue]

@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]

Jensen Huang Drops a Number — Why Did AI Hardware Stage a Full Comeback?
Jensen Huang said Nvidia will ship twice as many chips next year as this year, and that AI safety matters but cannot be regulated the way social media was. AI hardware ran: AMD +6.36% to $545.09, Marvell +4.81% to $240.76, Nvidia +2.54% to $219.34, Broadcom +2.29% to $347.30, with the Philadelphia Semiconductor Index up over 3%. That is a third straight up session for chips, a rebound that started in the same week the slowdown argument was loudest. A week of talk finally has a number attached. But the number is the company's own forecast, not signed orders. Is one line enough to hold a rally?
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