Miner Company
This Market Rally Is Overextended And Due For A Correction
The Nasdaq has rallied roughly 27% from its March lows, powered almost entirely by semiconductor stocks that have gone parabolic on AI earnings momentum. The single factor I believe will trigger a correction is that hyperscaler free cash flow is turning deeply negative.
The Nasdaq has rallied roughly 27% from its March lows, powered almost entirely by semiconductor stocks that have gone parabolic on AI earnings momentum. The single factor I believe will trigger a correction is that hyperscaler free cash flow is turning deeply negative.