Santoli Says AI Trade Is Nearing a Need for Relief Before Big Tech Earnings

Michael Santoli said the AI trade is nearing a point where it needs relief, as this week’s Alphabet and Microsoft earnings are expected to put cloud growth and AI spending in focus for investors. “It’s not quite a now-or-never moment for the AI trade to find some relief, but it’s not far from one,” Santoli wrote Oct. 27. He cautioned that a rally might not last, framing a rebound as a possibility rather than confirmation that a lasting market low has formed. The results schedule gives investors a near-term checkpoint on cloud growth and company spending plans.

Source: TokenPost