Lates News

The rise in the US stock market has seen investors setting aside concerns about the latest conflict between the US and Iran and instead buying tech stocks in droves. Despite escalating tensions in the Middle East, investors are still focused on the AI investment boom. Earlier this week, chip stocks saw significant drops, but they have shown signs of strength. In a report, the trading division of Goldman Sachs wrote, "Our client discussions have not indicated any substantive fundamental concerns about AI trading or capital expenditure prospects. Clients generally believe that the recent market adjustment pertains mainly to technical rather than fundamental factors." BlackRock economist Helen Juveil shares the same view, stating that even though the biggest tech companies are starting to generate negative free cash flow and increasingly finance expansion through the debt market, investment commitments in the AI field should continue to support this investment theme for at least another two to three years.