May. 15 at 6:52 PM
Exponential price action, market concentration, collapsing vol, stocks bossing bond yields higher, why melt-up everyone’s new base case … Here we go,” Hartnett mused on Thursday.
AI stocks started going parabolic at the end of March – a highly unusual contour in price charts for securities. Share of chipmakers Micron
, Advanced Micro Devices
, SK Hynix, Marvell
, and Intel
, among others, all exhibit this trend.
Some economists are very confident that all the investment in AI — which multiple Wall Street banks think will exceed
$1 trillion next year — represents a bubble.
$AMD $MRVL $INTC