MarketPR
Semiconductor stocks enter the next session without a positive catalyst from Microsoft (MSFT) or Meta Platforms, after both hyperscalers delivered earnings that read as cautious on capital expenditure.
Neither report contained outright negative news for the sector.
The muted picture may trace to what Alphabet (GOOGL) set in motion: its increased spending plans drew a market response that raised the bar for every hyperscaler that followed.
AI demand holds, spending signals soften The fundamental picture from both reports stays intact. Demand for artificial intelligence computing power continues to exceed supply.
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