That said, interest rates and inflation could determine how far the AI trade can run. Higher oil prices and Treasury yields could pressure valuations, especially for high-growth stocks. Fed decisions and inflation data will therefore be key catalysts for me.
Overall, I’m cautiously bullish heading into Q4, but I expect more volatility. If earnings continue to validate AI spending while rates remain manageable, I think the broader AI ecosystem—not just the mega-cap tech names—could continue to outperform.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- JulianAlerander·09-09 18:53If CPI comes in hot and the 10Y backs up again, a lot of AI names lose their valuation floor fast. Q4 probably stays way messier than bulls expectLikeReport