Svmuu News: U.S. stocks rose as investors set aside concerns about the latest U.S.-Iran conflict and turned to buying tech stocks. Despite escalating tensions in the Middle East, investors remained focused on signs that the artificial intelligence investment boom remained strong following a sharp decline in chip stocks earlier this week. Goldman Sachs The group’s trading division wrote in a report: “Our client conversations do not indicate any substantive fundamental concerns regarding the outlook for AI trading or capital expenditures; clients generally believe that the recent market correction is primarily technical in nature rather than driven by fundamental factors.”
BlackRockEconomist Helen Jewell shares this view, noting that although the largest tech companies have begun generating negative free cash flow and are increasingly financing their expansion through the debt markets, investment commitments in the AI sector should continue to support this investment theme for at least another two to three years. (Jin Shi)