The correction is a healthy one. I think the AI and chip related stocks had a good run from the beginning of the year. Investors are seriously looking whether this will in turn generate good profits to companies. Good luck.
AI Earnings Lift QQQ; Will After-Hours Risk Reverse It?
QQQ rose 2.31% Wednesday as tech rebounded despite firmer October CPI. CoreWeave surged 24.71% in regular trading, alongside recoveries in memory and some chip stocks. Bulls see AI orders converting to deliveries; bears say one company’s growth and backlog don’t resolve industry financing costs, inflation, or rate risks. Nvidia’s governance report emerged only after the close, adding uncertainty for the next session. What must Nvidia’s response, Treasury yields, and CoreWeave’s deliveries show for the rebound to broaden?
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