Goldman Sachs data show that global technology stocks 2 weeks of net selling of approximately 20000000000 USD，AI Financing pressure draws attention

AT A GLANCE

Global technology stocks 2 weeks of net selling of approximately 20000000000 USD, with the market focused on AI financing pressure and returns on capital expenditures.

Article

Goldman Sachs: Global Technology Stocks 2 Net Selling for the Week 20000000000 USD，AI Financing Risks Intensify

BlockBeats reports that October 26, according to Goldman Sachs data, over the past 2 weeks, global technology stocks saw net selling of approximately 20000000000 USD, with selling intensity reaching -3.3 standard deviations, an extreme level,TMT sector selling approaching July of this year's 23000000000 USD. Meanwhile, the volatility spread between the Nasdaq 100 Index and the S&P 500 Index rose to the 5 th percentile of the past 98-year range, indicating a significant increase in market demand for protection against technology stocks.AI Financing pressure has also become a market focus. According to JPMorgan, since the beginning of this year,AI infrastructure debt financing has exceeded 500000000000 USD, while financing costs for hyperscale cloud service providers have risen by approximately 120 basis points from previously. As Google, Microsoft, and Amazon release their earnings reports this week, the market will focus on whether AI capital expenditures can translate into actual revenue and the financing sustainability of subsequent investment expansion.

JPMorgan believes that financing links between Nvidia and GPU operators could become a channel for credit-risk transmission. If operators face tighter financing conditions, pressure could spread upstream along the supply chain. Nevertheless, the bank remains constructive on the technology sector's fundamentals, believing that a buying window may emerge in early November, while noting that further position unwinding, realization of corporate earnings, and narrowing credit spreads still need to be monitored.

Original link https://m.theblockbeats.info/flash/373791

Key points

Goldman Sachs data show that over the past 2 weeks, global technology stocks saw net selling of approximately 20000000000 USD。
Selling intensity reached -3.3 standard deviations, with TMT sector selling approaching July of this year's 23000000000 USD。
Nasdaq 100 Index and the S&P 500 Index rose to the 5-year range's 98 th percentile.
JPMorgan said that since the beginning of this year,AI infrastructure debt financing has exceeded 500000000000 USD。
Financing costs for hyperscale cloud service providers have risen by approximately 120 basis points.
The market will focus on the AI capital expenditures, actual revenue, and financing sustainability of subsequent investment expansion reported in the earnings of Google, Microsoft, and Amazon.
JPMorgan believes that financing links between Nvidia and GPU operators could become a channel for credit-risk transmission.
JPMorgan remains constructive on the technology sector's fundamentals and said that a buying window may emerge in early November.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Reports indicate that technology stocks have recently experienced substantial fund outflows, while AI infrastructure financing volumes and certain financing costs have risen. The market is watching whether AI investment can generate actual revenue and whether the related financing pressure will affect technology stocks and the supply chain.

Why it matters to readers

If AI returns on capital expenditures or financing sustainability come under question, risk appetite for technology stocks may come under pressure; earnings reports, fund flows, and credit spreads will be key areas to monitor going forward.

This means the market is concerned not only with whether AI companies can generate profits, but also with whether the money they borrow to build infrastructure can continue to be obtained and repaid.

Risks and unknowns

The evidence consists of BlockBeats' secondary paraphrasing of Goldman Sachs and JPMorgan data and views; the original reports from the two institutions were not provided.
The article does not specify the statistical definitions used for the net selling, financing volume, or financing-cost data.
November The view that a buying window may emerge in early
The article does not confirm whether AI capital expenditures can translate into actual revenue, nor does it confirm that financing pressure will spread along the supply chain.

Goldman Sachs data show that global technology stocks 2 weeks of net selling of approximately 20000000000 USD，AI Financing pressure draws attention

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center