Wednesday’s market is quite interesting—global risk assets are trading in a split fashion.
On the U.S. stock side, AI hardware—“shovel-sellers”—was suddenly heavily sold off. $MU plunged 10.57%, $SNDK also fell 10.62%, and the Nasdaq 100 was dragged down by 1.5%.
Funds then rushed into software stocks. The S&P was down only about 0.19%, while the Dow remained relatively steady.
$META , however, surged sharply and announced that it would sell surplus AI computing power and officially enter the cloud services business—yet it ended up smashing the sentiment in the hardware names.
Oil prices fell on easing news from U.S.-Iran talks. Gold inched higher, and the yen hit a 40-year low.
BTC quietly gained 2.2% back to around 60,000—an under-the-radar rebound.
My personal view: the hardware pullback is a normal digestion. The AI boom isn’t over—it’s just shifting from hardware to applications and bottleneck-related segments.
There are differences within the Federal Reserve. In the near term, expect continued range-bound rotation—cautious, but not overly pessimistic.
On the U.S. stock side, AI hardware—“shovel-sellers”—was suddenly heavily sold off. $MU plunged 10.57%, $SNDK also fell 10.62%, and the Nasdaq 100 was dragged down by 1.5%.
Funds then rushed into software stocks. The S&P was down only about 0.19%, while the Dow remained relatively steady.
$META , however, surged sharply and announced that it would sell surplus AI computing power and officially enter the cloud services business—yet it ended up smashing the sentiment in the hardware names.
Oil prices fell on easing news from U.S.-Iran talks. Gold inched higher, and the yen hit a 40-year low.
BTC quietly gained 2.2% back to around 60,000—an under-the-radar rebound.
My personal view: the hardware pullback is a normal digestion. The AI boom isn’t over—it’s just shifting from hardware to applications and bottleneck-related segments.
There are differences within the Federal Reserve. In the near term, expect continued range-bound rotation—cautious, but not overly pessimistic.