Reported 8 months ago
The Federal Reserve's interest rate decision on June 25, 2024, aligning with expectations and boosted by significant cooling in inflation data, resulted in the yield on the US 10-year Treasury falling to a near three-month low. With the global trend of interest rate cuts, this is expected to further benefit the strong performance of the technology sector. Investment teams such as Daiwa Global Smart Car Fund and PGIM Jennison US Growth Fund highlighted the optimistic outlook for technology stocks, particularly in AI investments. As the industry sees advancements in AI technology and decreased material costs, the global AI humanoid robot industry is rapidly developing and actively conducting environmental tests to evaluate potential benefits and business opportunities. The expectation of a further interest rate cut as a supporting factor as consumer momentum slightly loosens and the manufacturing sector recovery slows down is also emphasized.
Source: YAHOO