Once inference costs fall close to zero, AI will become a built-in part of software the same way memory and storage became standard in computing decades ago.

Rice was lower, the market might have finished a bottom formation on the daily and weekly charts.

From the S&P 500’s parallel channel rejection to a confirmed trendline breakdown in the Nasdaq, the technicals are screaming caution.

The momentum is breathtaking. The fundamentals continue to be very favorable. 

This plunge might tempt investors to buy the dip seeking exposure to AI and domestic manufacturing themes, but caution is still warranted.

25Q4Y/Y earnings are expected to be 9.2%. Excluding the energy sector, the Y/Y earnings estimate is 9.6%.