AI Rally Cools as Meta Optimism Fades
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The rally in artificial intelligence (AI) stocks is cooling as optimism over Meta Platforms Inc.'s personal AI agent gives way to caution, indicating investors remain hesitant to chase gains after recent market volatility. In Asian trading, South Korean chipmakers Samsung Electronics and SK Hynix gave up earlier gains, while chip stocks stalled in European and U.S. pre-market trading. The Philadelphia Semiconductor Index had risen 4.3% on Monday, and Meta closed up 11%, its biggest gain since April. Oil prices edged higher on expectations of potential supply disruptions in the Middle East, dampening risk appetite and highlighting the vulnerability of AI-related trades to broader macroeconomic risks. The earlier chip stock boost followed news that Meta's Muse AI agent had topped Apple's free app chart shortly after its launch this month. "Given yesterday's gains, a small pullback is logical, but in my view, the upward trend remains intact," said David Kruk, head of trading at La Financiere de l'Echiquier in Paris. As Brent crude briefly topped $101 per barrel, market attention shifted back to inflation risks from high energy costs. In Europe, UBS's semiconductor basket fluctuated between small gains and losses, while Nvidia fell less than 1% in U.S. pre-market trading. In Asia, Samsung and SK Hynix shares gave up about 3.5% of their gains, and South Korea's Kospi index closed only 0.2% higher.
Source report
The rally in artificial intelligence (AI) stocks is losing momentum, with optimism over Meta Platforms Inc.'s personal AI agent giving way to caution—signaling that investors remain reluctant to chase gains following recent market volatility.
During Asian trading hours, shares of South Korean chipmakers Samsung Electronics and SK Hynix gave back earlier gains, while chip stocks stalled in pre-market trading in Europe and the United States. On Monday, the Philadelphia Semiconductor Index closed up 4.3%, and Meta rose 11%—its largest single-day gain since April last year.
Oil prices edged higher on expectations of potential supply disruptions in the Middle East, dampening risk appetite and underscoring that confidence in AI-related trades remains vulnerable to broader macroeconomic risks. The earlier boost to chip stocks came after reports that Meta's Muse AI agent had jumped to the top of Apple's free app rankings shortly after its launch earlier this month.
"Given yesterday's gains, a slight pullback is reasonable, but in my view, the upward trend remains intact," said David Kruk, head of trading at La Financiere de l'Echiquier in Paris.
As Brent crude briefly rose above $101 per barrel, market attention shifted back to inflation risks stemming from high energy costs.
In Europe, UBS Group's basket of semiconductor stocks fluctuated between slight gains and losses, while Nvidia fell less than 1% in U.S. pre-market trading. In Asia, shares of South Korean chipmakers Samsung Electronics and SK Hynix gave back roughly 3.5% of earlier gains, and the Kospi index closed just 0.2% higher.
Source
新浪财经Neutral / independent