AI dip-buying faces caution as data center costs and funding strains mount
Photo: TokenPost
Falling AI stocks may offer limited grounds for bargain hunting as data center construction costs and financing pressures weigh on the sector. Within technology, software shares show relatively stronger technical patterns than semiconductor stocks. In an October 23 interview with David Lin, David Nikoski, chief investment officer of Vermillion Research, said money was rotating out of technology into other sectors, leaving AI stocks under pressure. Nikoski identified October 2 as the turning point in technology’s relative strength. Almost every other sector had subsequently outperformed technology, he said, while selling in major technology companies had weakened chart patterns across AI stocks.
Source: TokenPost
