Chip Stocks Roar Back as Strong Data Sink Bonds

Chip stocks rose as dip buyers entered the market following economic data that strengthened expectations for a Federal Reserve rate increase in December. Max Kettner, Chief Multi-Asset Strategist at HSBC, stated in Bloomberg that the artificial intelligence trade is following market narratives rather than market fundamentals.

• Bloomberg — Chip Stocks Roar Back as Strong Data Sink Bonds

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