The core contradiction behind the overnight drop in US stock index is very clear
Rising Treasury yields + a sharp jump in oil prices have weighed on valuations under high inflation expectations. Growth stocks are naturally under pressure, but market money isn’t really fleeing tech—it’s abandoning software and piling into hardware.
As Huang Renxun said, AGI has arrived; more of it is an emotional narrative.
The real-world capabilities of GPT-6 Astra still need to be verified—don’t treat it as an all-around qualitative change right away.
Oil surged to $95. The price-bump benefit from geopolitical risk is a short-term impulse. Once the situation eases, oil prices will likely retreat just as quickly.
Pay special attention to the potential pitfall in Oracle’s earnings report
The outlook for RPO is high, but free cash flow is negative. Many people focus only on revenue expectations and overlook the cash-flow weakness. That’s when an earnings report can trigger a “good news, sell-off” drop.
Also, although optical communications and storage have jumped against the trend, that’s more like rotation within the sector. In a broader market backdrop that’s relatively weak, chasing higher prices still carries significant risk.
If the 4.8% level for US Treasuries continues to break upward, even the hardware sector will be hard to stand alone and remain unaffected. $ORCL
Rising Treasury yields + a sharp jump in oil prices have weighed on valuations under high inflation expectations. Growth stocks are naturally under pressure, but market money isn’t really fleeing tech—it’s abandoning software and piling into hardware.
As Huang Renxun said, AGI has arrived; more of it is an emotional narrative.
The real-world capabilities of GPT-6 Astra still need to be verified—don’t treat it as an all-around qualitative change right away.
Oil surged to $95. The price-bump benefit from geopolitical risk is a short-term impulse. Once the situation eases, oil prices will likely retreat just as quickly.
Pay special attention to the potential pitfall in Oracle’s earnings report
The outlook for RPO is high, but free cash flow is negative. Many people focus only on revenue expectations and overlook the cash-flow weakness. That’s when an earnings report can trigger a “good news, sell-off” drop.
Also, although optical communications and storage have jumped against the trend, that’s more like rotation within the sector. In a broader market backdrop that’s relatively weak, chasing higher prices still carries significant risk.
If the 4.8% level for US Treasuries continues to break upward, even the hardware sector will be hard to stand alone and remain unaffected. $ORCL