WS #16018
Technology stocks, particularly semiconductors like Micron and AMD, are under pressure as rising yields and geopolitical uncertainty trigger a rotation out of high-multiple growth names. The narrative is shifting from pure AI enthusiasm to caution, with prominent historians warning that the current AI buildout resembles the railroad bubble of 1873. This sentiment is dampening the outlook for hardware suppliers and cloud infrastructure plays, despite ongoing strong demand signals.
Tech Selloff & AI Bubble Fears
Technology stocks, particularly semiconductors like Micron and AMD, are under pressure as rising yields and geopolitical uncertainty trigger a rotation out of high-multiple growth names. The narrative is shifting from pure AI enthusiasm to caution, with prominent historians warning that the current AI buildout resembles the railroad bubble of 1873. This sentiment is dampening the outlook for hardware suppliers and cloud infrastructure plays, despite ongoing strong demand signals.