The market looks mixed, but one thing stands out: money is still flowing into AI and semiconductors.
NVDA +1.34%, AVGO +2.97%, AMD +2.70%, MU +3.92%, ASML +3.08% and TSM +1.02%.
Meanwhile, MSFT, AAPL and META are red, while banks and industrials are also showing a mixed picture.
To me, this doesn’t look like broad risk-off selling. It looks more like investors are rotating toward the parts of the market where AI growth is still strongest.
With oil easing from recent highs despite the ongoing Iran conflict, the next move may come down to whether yields and energy prices stay under control.
For now, I’m watching the semis closely. They’re still setting the tone. 👀