La hausse de mai a été trop forte, une pause normale, le point clé est que la Fed et l'inflation, ces deux variables, ne se sont pas encore stabilisées, la volatilité des actions technologiques risque de ne pas diminuer.

OCBC Bank's strategy head Vasu Menon stated that the long-term outlook for AI is positive, but the tech stock pullback shows that gains are still accompanied by volatility. The significant increase in May is considered a healthy correction, and caution should be exercised in the short term, influenced by uncertainties surrounding inflation, rising U.S. Treasury yields, and the Fed's policy direction under Powell. Additionally, SpaceX and Anthropic are pushing IPOs with high valuations, triggering short-term concerns, as the market questions whether high premiums and mega IPOs will divert liquidity from other tech sectors. In the long term, these listings will further solidify AI as a core investment theme.