WS #15638
The S&P 500 has recovered to 7800 with a clear rotation into Mega-Cap Tech, specifically Amazon, Microsoft, and Meta. This rally is underpinned by fundamental AI demand signals, including Japan's machine tool order backlog hitting an all-time high and NVIDIA's Vera chip showing superior HPC benchmarks. Despite some user growth concerns for Meta, the broader tech narrative remains bullish on infrastructure build-out.
Tech Rotation & AI Infrastructure
The S&P 500 has recovered to 7800 with a clear rotation into Mega-Cap Tech, specifically Amazon, Microsoft, and Meta. This rally is underpinned by fundamental AI demand signals, including Japan's machine tool order backlog hitting an all-time high and NVIDIA's Vera chip showing superior HPC benchmarks. Despite some user growth concerns for Meta, the broader tech narrative remains bullish on infrastructure build-out.