I feel like the AI rebound in US stocks is almost at the top. This rebound, I think, is more about short sellers covering their positions. Unlike the previous sharp drop triggered by SK Hynix’s perfect earnings report, this month the big companies’ earnings reports came out from the “bottom” of the decline, and short sellers’ fear that the reports would affect prices and spark a concentrated rebound cover played a key role. On a macro level, with oil prices rising and inflation worsening, further rate hikes may be re-fueled by market speculation, and currently there isn’t enough momentum for a sustained upward push. Personal view