BlockBeats quoted Wash as saying that he was skeptical of the view that “rate hikes will not affect AI” and had also noted the impact of interest rates on the technology sector.
PANews Morning Brief said that the Nasdaq Composite Index 100 rose overnight 1.29%and returned above the 100 day moving average;AI hardware earnings exceeding expectations drove a technology-sector rebound; the Federal Reserve’s interest-rate decision and earnings reports from several technology companies are about to be released.
JPMorgan's report expects publicly listed global technology companies to retain an approximately 400000000000 USD surplus this year after operating cash flow less capital expenditures and research and development expenses, and believes financing pressure on emerging cloud providers is unlikely to shake the overall AI investment cycle.
PANews, citing a warning from BofA, reported that the current pattern of only the technology and communication sectors rising in U.S. stocks resembles the period 2000 months before the peak of the dot-com bubble 6.