Can the strong rebound in U.S. stocks last through year-end? Can tech stocks ignite the market again?

With U.S. stocks rebounding strongly, what investors most want to know is not how much the market rose today, but whether this rally can continue through year-end.
After all, everyone hopes to catch an upswing, rather than buy in only for the market to immediately teach them a lesson about risk.
I believe there are three factors worth paying close attention to next.
First is growth in the AI industry. Artificial intelligence is still developing rapidly, and demand for computing power, data center construction, and enterprise applications all have room to expand further. If tech giants continue to deliver on earnings, the AI sector could receive support from fundamentals.
Second are the U.S. economy and interest rates. If the economy remains resilient while inflation gradually cools, market conditions may become more favorable for risk assets. Conversely, if inflation rebounds and expectations for interest rates tighten, tech stock valuations could come under pressure.
Finally, there is the sustainability of market inflows. If the rally expands beyond a handful of large-cap tech stocks to more sectors, it may indicate that market participation is improving.
Of course, the year-end market outlook is not a simple either-or question. A technical rebound and an industry trend can absolutely coexist.
In the short term, sentiment matters; in the medium term, capital flows; in the long term, earnings.
How far this U.S. stock rebound will go remains to be seen. The market still needs to provide the answer. #标普500创7个月最大涨幅
What investors should do most is not guess the market's daily peak, but identify truly competitive companies.
After all, AI's future may be exciting, but making money from investing still depends on rationality, not wishful thinking. $SPCX