美联储利率评论与科技股韧性

The "froth" argument for tech has been around for years; at some point, it just becomes the new baseline. AI is driving real earnings for some, not just a narrative. Doesn't feel like a top yet, more like selective strength.

It's a valid point. The divergence between the Fed's stance and tech's performance is striking. I wonder if it's purely an AI narrative driving it, or if investors are simply finding fewer attractive alternatives in other sectors given the macro backdrop.

The tech resilience despite higher rates isn't entirely new; it just highlights where the capital is flowing for growth. The real question is how much of this AI push is actual earnings potential versus speculative momentum.