Post

Four Stocks, Four Stories: The "AI Basket" Fallacy



They rose on the same day, so they get filed under the same sector.

In reality one sells healthcare data, one sells servers, one sells connectivity, one licenses chip architecture.

Building the wrong basket means taking the same risk four times without noticing.
Tempus AI is a healthcare data company. Second-quarter 2026 revenue rose 22% to $382.5m, the company posted its first net profit and positive EBITDA, and full-year guidance was lifted to $1.595–1.605bn.

Super Micro Computer builds AI servers. Fourth-quarter revenue nearly doubled to about $39.1bn, new orders topped $60bn, and FY2027 guidance sits at $65–72bn. The stock, however, is still down roughly 17% year to date.

Astera Labs works on connectivity and memory. Quarterly revenue hit a record $392.4m, up 104% year on year, helped by a new Leo controller launch. Customer concentration stays high, and the company missed out on S&P 500 inclusion this round.

Arm licenses chip architecture: management said it is increasingly confident of reaching about $2bn in demand for its first data-centre chip.

Assets that move together on a single day raise portfolio correlation; they do not merge fundamental stories. Skipping a token's tokenomics before taking a position is a well-known mistake in crypto. Skipping a company's story before buying a "theme" is the equity market's version of the same error.

So where does the money financing this move actually come from? Article 4 follows the liquidity.
This content is not investment advice. Always perform your own research before making financial decisions.
$BTC $GT $ETH
#Gate广场中秋团圆局 #美股AI概念股全线反弹 #GateMemeCarnival #WhereToParkStablecoinsWhileWaiting #GateSquareMidAutumnReunion
post-image
xxx40xxx
Why Did Tech Rally While the Fed Raised Rates?

The Fed raised rates, and tech stocks still rallied.

Every textbook says the opposite should happen.

The explanation comes down to one thing: the gap between what the market had priced in and what it actually got.

On 16 September, the Fed raised its policy rate by 25 basis points to 3.75–4.00%. The decision was unanimous at 12–0 and marked the first hike since 2023. Projections point to one more increase before year-end. August CPI came in at 3.4% year on year with core inflation at 2.4%, and nonfarm payrolls beat expectations at +162,000. The macro backdrop points to tightening, not easing.

Yet on 17 September risk appetite improved: the 10-year Treasury yield slipped to 4.93%, back below 5%; the VIX dropped 11% to 15.7; oil eased. Investors read the hike as less hawkish than feared and reversed the previous session's sell-off.

The real fuel, however, is AI capital expenditure. The top five cloud providers are set to spend roughly $602bn in 2026, up 36% year on year, with about three-quarters of that going into AI infrastructure. UBS models $4.1tn of hyperscaler investment across 2026–2028. A narrative backed by cash flow can survive a high-rate environment.

DeFi veterans will recognise the logic: narrative sets direction, liquidity sets speed.

But are these four stocks really one "AI basket"? No — and that distinction changes your risk. Article 3 explains why.
This content is not investment advice. Always perform your own research before making financial decisions.
#Gate广场中秋团圆局 #美股AI概念股全线反弹 #GateMemeCarnival #WhereToParkStablecoinsWhileWaiting #GateSquareMidAutumnReunion
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTCBTC+5.88%
GTGT+6.19%
ETHETH+6.88%

  • 1

Add a comment
Add a comment

Comment
cryptalex1
a few seconds ago
Interesting 👀
0
cryptalex1
a few seconds ago
How much upside is left ?
0
cryptalex1
a few seconds ago
That move is wild 🔥
0
CatAndMouse1
6 minutes ago
Would you add here?
0
CatAndMouse1
6 minutes ago
Say more 👀
0
CatAndMouse1
6 minutes ago
I’m watching 👀
0
surprise100
14 minutes ago
That move is wild 🔥
0
surprise100
15 minutes ago
Let's go! 🔥
0View Original
surprise100
15 minutes ago
Interesting 👀
0
surprise100
15 minutes ago
First Review
How much upside is left ?
0
View More