The Core is Melting Down…

The AI Buildout has been the whole game for the past 18 months and it was good. But, it reached a valuation barrier and now will probably see some back-off.

Here is an update for our AI Buildout stocks Index Chart. The index is 97.8 at the moment, was high at 106.56 on April 4, and has today tested support around the Feb 14 area of 95.7. Traditional chart reading would point to an objective of 84-85 in mid-May. Index was set to 100.0 on the day the overall market topped out on March 8. Stocks in this Index are (NVDA, MSFT, GOOG, AMZN, IBM, TM, TT, CAT, BLD).