Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Analysis: The extreme narrative of the "AI bubble" bursting in the short term is unlikely to manifest.

robot
Abstract generation in progress

On November 24, Citic Securities reported that the decline in U.S. stocks on November 20 was dominated by macro factors, rather than panic selling triggered by an AI bubble burst. The main reason for this pullback is the better-than-expected September US Non-farm Payrolls (NFP) data combined with hawkish statements from the Fed, triggering profit-taking in the market; coupled with the marginal weakening of the U.S. job market, the December Federal Open Market Committee (FOMC) Meeting may peak the “hawkish panic” sentiment, after which the main market trading line may shift to Trump's nomination game for the new Fed chair. The fundamentals of the AI zone remain solid, and given the Token index-level growth, existing bottlenecks in the Supply Chain, and the strong cash flow and balance sheets of the four major tech giants, the extreme narrative of the “AI bubble” bursting is expected to be difficult to manifest in the short term. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)