The AI rally that stalled earlier this year came roaring back, with some tech stocks posting gains close to 50% in a single week. For investors trying to make sense of the whipsaw, Louis Navellier of InvestorPlace has a simple explanation: the fundamentals never broke. The earnings revisions did. And now they're moving again at the fastest pace in five years.
Taiwan Semiconductor Manufacturing (NYSE: TSM)'s latest results—41% sales growth and 58% earnings growth—set off a chain reaction across the sector. Order backlogs across AI-linked companies remain enormous, and Navellier points out that half of all construction spending in the United States is now going toward data centers. That isn't a speculative thesis. It's showing up in balance sheets.
