Peter Tchir, an analyst at Academy Securities, says AI-related stocks could face another wave of selling due to mechanical selling and the slowdown in the US economy. He argues that without increased spending on computing power, valuations in the sector could continue to decline. The Nasdaq 100 has entered correction territory, while technology market values have fallen notably. Investors are questioning the returns on AI infrastructure investments, a concern affecting major suppliers such as Nvidia and AMD. Announcements from Anthropic, particularly on funding rounds or strategic partnerships, along with updates on infrastructure spending, could influence market sentiment.
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