CNBC analyst Santoli: AI's "adolescence" is over, market narrative shifts to risk, public is cool on tech, order backlog forecasts are questionable
CNBC analyst Santoli stated that the "adolescence" of artificial intelligence has ended, and the market narrative has shifted to focus on risks. The public holds a cool attitude towards the tech sector, and predictions for order backlogs beyond the next few quarters are currently in doubt. He pointed out that semiconductor stocks have fallen 20% from their June peak, and the forward P/E ratio for the S&P 500 tech sector has narrowed from 29x to 21x over the past year. Additionally, the Federal Reserve will begin raising interest rates this week, and the 10-year US Treasury yield has surpassed 5%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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