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International Business Times
International Business Times
Merin Rebecca Thomas

Tech Rally Still Has Momentum Despite Chip Stock Pullback, Analysts Say

Several Wall Street analysts and investors said the broader artificial intelligence-driven rally remains supported by corporate earnings and market fundamentals. (Credit: AFP)

Wall Street analysts and investors said the artificial intelligence-driven rally remains supported by corporate earnings and market fundamentals despite recent volatility.

Investors continue navigating a complex backdrop that includes ongoing conflicts in the Middle East and Ukraine, elevated energy prices and uncertainty surrounding global monetary policy. Those factors have contributed to periodic market swings this year, particularly in sectors that have delivered some of the strongest gains during the AI investment boom.

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