The AI trade may finally be showing its first real crack. After months of relentless gains, semiconductor and AI stocks came under heavy pressure as stronger-than-expected US jobs data pushed Treasury yields higher, raising questions about the sustainability of sky-high valuations. But rising yields are only part of the story. New reports suggest future AI infrastructure may require less DRAM memory than previously expected, while growing calls for tighter oversight of frontier AI development are adding uncertainty to the long-term spending outlook.
Meanwhile, investors are closely watching the biggest event of the week: the SpaceX IPO. Could capital be rotating out of AI winners and into the largest public offering in history? And is this simply a healthy correction, or the beginning of a deeper revaluation of the AI trade?
In this episode, we break down the risks, opportunities and key levels to watch.
Watch the full episode to find out more!
Intro1:01 Tech selloff
6:56 Geopolitics
7:31 Economic data & FX
9:32 SpaceX IPO
