I'm giving it about a 65% chance that the dedicated AI sector, distinct from general tech, will see a noticeable outperformance in Q4. My reasoning is the accelerating pace of real-world application announcements and enterprise adoption that isn't fully priced in yet; it's beyond just the hype cycle now.
While enterprise adoption is definitely picking up, I'd be wary of separating "dedicated AI" too much from "general tech" when it comes to pricing. A lot of that enterprise growth still relies heavily on established tech giants. The lines are blurrier than you might think.
While enterprise adoption is picking up, I'm not convinced it translates to outperformance in Q4 for the 'dedicated' AI sector. A lot of that growth is already priced into the larger tech players that are integrating AI, blurring the lines of what constitutes a distinct AI stock.