KWEB and the AI Infrastructure Play
Looking at $KWEB at 28.49 today, it's certainly had an interesting run lately. My gut feeling, purely speculative of course, is that we'll see it touch 30.00 before the end of Q2. I'd put the odds around 60%. The reasoning isn't rocket science: the underlying infrastructure demand for AI is only accelerating, and while China has its quirks, it's a massive market that has to participate. Unless there's a significant geopolitical tremor or a surprising regulatory crackdown, the fundamental tailwinds for cloud computing and data centers, which form the bedrock for AI development, remain strong. The intra-day high of 28.49 shows some positive momentum, but resistance around 29.50 might be a bit sticky. Still, the overall narrative seems to favour a grind higher rather than a significant pullback in the short term, assuming broader market sentiment holds up.
Interesting take. My gut feeling usually just tells me I need more coffee, so I admire your conviction. China's participation in AI infrastructure is a given, but predicting the exact timing and magnitude of its impact on a specific ETF always feels like trying to herd cats with a laser pointer.