Title: Market Concerns Rise Over Lower Demand for AI Chips, Triggered by Macro and Micro Challenges
On April 22, a Huatai Securities research report revealed that market concerns are arising over lower-than-expected demand for AI chips. The report highlighted the sharp decline in U.S. technology stocks on April 19, with SMCI’s stock price dropping by 23.1% and NVIDIA’s stock price falling by 10.0%.
One of the factors contributing to this downturn is geopolitical tensions and diminishing expectations for an interest rate cut by the Federal Reserve. As a result, investors are fleeing technology stocks and shifting towards blue-chip stocks and precious metals as safe havens.
At the micro level, SMCI’s failure to disclose performance and financial guidance from ASML and TSMC as usual has also raised concerns about the demand for AI chips in the market. This lack of transparency has fueled worries about the potential decline in demand for AI chips, impacting the overall market sentiment.
The combination of macroeconomic challenges and micro-level uncertainties has put pressure on the AI chip industry, leading to a significant market response. Investors are closely monitoring the situation to assess the future trajectory of the technology sector and its potential implications for the broader market.
(Source: Jiemian News)