NYSEARCA:MAGS - NYSE Arca - US53656G4982 - ETF - Currency: USD
Investor confidence is plummeting, recession fears are rising, cash levels are increasing, and US equity allocations are falling, marking the most bearish market outlook in 25 years.
Mentions: GLD
Wall Street rallies on Trump's tariff pause for non-retaliating nations and renewed hardline stance on China, sparking massive gains in tech stocks.
Munster said tariffs don’t change the reality that the race to general intelligence is the most significant tech, economic and geopolitical shift in 25 years.
Ives said the uncertainty around tariffs could create caution about broader spending and greenlighting artificial intelligence (AI) projects across all industries.
Despite market and sector weakness, Palo Alto Networks (PANW) has risen nearly 2% YTD, outperforming the broader tech sector despite a risk-off market.
The S&P 500 and Nasdaq 100 benchmark indexes have fallen to this widely followed support level, where it has bounced 3 and 2 times, respectively, will it again?
For investors looking to cash in on AI’s next growth phase, it may be time to look beyond hyperscalers and chipmakers like Nvidia and AMD.