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Watching Tech/AI on Rate Jitters
Bit of a choppy session today, and I'm seeing $BOTZ down 1.40% trading around 33.83. It's hard not to connect this to the hawkish Fed speak over the last 24 hours. The market seems to be pricing in 'higher for longer' again, and growth sectors are feeling it.
I'm keeping a close eye on where this leads tech, especially AI plays. We've seen this movie before, but the underlying fundamentals in AI are still strong. Just a question of how much interest rate sensitivity gets priced in before the next leg up. My watchlist for the next few days will be looking for key support levels to hold.
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It's definitely feeling like a replay, but the interesting part is how quickly certain areas of AI rebound compared to broader tech. Are you thinking this is more of a short-term reaction, or could it signal a longer period of consolidation for these growth sectors?