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AI stocks rebounded on Tuesday, with one analyst reporting no signs of a spending slowdown.
AI stocks previously sold off on Monday due to market concerns that major model creators would adopt a more cautious approach to AI development and spending. The analyst noted that clients are signing multi-year agreements for chips and related services, which "does not look like the beginning of an economic downturn."
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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Samsung Electronics is down 5.82% from its previous close, now trading at ₩218,500.
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The Shanghai Composite Index fell 1.16% from its previous close to 3,609.01.
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SK Hynix is down 8.06% from its previous close, now trading at ₩1,403,000.
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Analysts: Middle East Conflict Supports Energy Storage Demand, CATL, BYD, and Gotion High-tech Expected to Benefit
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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