Tech rout broadens, euro & sterling offered into ECB, BoE verdicts
Big Techâs earnings season is delivering record numbers â but the market isnât impressed. Their spending plans spook investors that scream: âStop spending.â
This tension is now the defining theme of the AI trade. Tech giants argue they must invest to meet soaring demand and AI-fueled computing needs, while investors are drawing the line. Even stellar earnings canât always keep stocks aloft if the market fears overextension.
Elsewhere, the gold and silver are under pressure again while the euro and sterling are losing ground versus a broadly bid Us dollar in the ECB and BoE meetings.
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