AI Stocks
AI Stock Selloff May Ease Pressure on US Rates
Senior Economist at BMO Capital Markets Jennifer Lee believes that the decline in AI company stocks could cool down data center construction and assist the Fed in combating inflation. This creates two opposing effects for cryptocurrencies.
Taiwan Stock Index on the Brink of Technical Correction Due to AI Stock Sell-Off
The Taiwan stock index is on the verge of entering a technical correction due to a global sell-off of artificial intelligence stocks.
S&P 500 Excluding AI Stocks Outperformed the Index by 6.4 Points in October
In October, the S&P 500 excluding AI companies outperformed the full index by 6.4 percentage points. Over three weeks, the gap reached 7.4 points – according to Bloomberg data published by Kobeissi Letter, this is a record for such a period. The fate of the record will be determined by the Fed's decision and the reports from Microsoft and Alphabet.
Jim Cramer Highlights Three Risks Associated with Recent AI Stock Rally
Jim Cramer stated that the two-day rally in AI stocks does not mean that the issues in the data center sector are resolved. Among the three risks are a $63 billion deal with Anthropic financed by debt, and the high cost of debt for CoreWeave, Nebius, and Iren. CoreWeave's stock rose by 8%, while its bond yields reached 15%.