AIQ and the next gen models: A Q4 '24 breakout?

Been watching $AIQ for a while, particularly its interaction with larger market narratives around generative AI's next phase. We're seeing some consolidation around this $61.85 level after a bit of a pullback from yesterday's highs. My read is we're in a bit of a holding pattern as the market digests the Q2 earnings across the broader tech sector, and specifically what that implies for R&D spend on AI infrastructure.

Looking ahead to Q4 2024, I'm assigning a roughly 60% probability that $AIQ will break decisively above the $70 mark. This isn't just a technical call. The reasoning hinges on a few factors: the anticipated rollout of more advanced multimodal models from major players, which historically have driven demand for specialized hardware and software (like what $AIQ provides), coupled with the increasing integration of AI into enterprise workflows beyond just text generation. There's also the macro backdrop; if we see any softening of inflation or hints of interest rate cuts globally, that capital should find its way back into growth sectors like AI. The alternative scenario, maintaining this range or even a dip, I place at 40%, primarily if there are unexpected regulatory hurdles or a significant delay in promised technological advancements from the big names in the space. Keeping an eye on what $EURUSD and $GBP do, as broader fx stability helps confidence in tech investments too.