poppii
11-05 07:22

$Invesco QQQ(QQQ)$ From Dubai investors. US Market Assessment. We hope you have put all the negatives and head-fake US futures moves behind you. We were surprised by the quick one-day reversal in regular trading hours. The thinking was that a slower pace of AI progress would benefit the Magnificent 7, since capex would also slow, and it would give semi suppliers more lead time to catch up with demand. All of that sounds positive, so why were semis sold off? Our best Dubai investors don't have an answer for that just yet. A simple explanation would be that if the AI buildout slows, semis should slow too. We do think this is a temporary setback only. We maintain that QQQ can reach 875-925 by the year-end rally, and a powerful rally at that. Good luck America.

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