Chip Stocks Rally in AI Trade Revival After Plunge
Спикеры
Lori Calvasina
— Руководитель отдела стратегии на рынке акций США, RBC Capital Markets
Lori Calvasina of RBC Capital Markets discusses the equity outlook following a chip-stock rebound. She reiterates a 12-month S&P 500 target of 8150, driven by earnings strength offsetting valuation pressure. The AI trade is broadening, but she expects AI-centric names to lead again after a correction. The financial sector screens as attractively valued and likely to benefit from stabilising consumer sentiment.
- S&P 500 12-month target raised to 8150 on earnings resilience
- Earnings tailwind seen offsetting PE compression from rates and inflation
- AI trade broadening from Mag 7 to semis, now looking for end-user applications
- AI-centric names expected to regain leadership after valuation correction
- Financials flagged as cheap with positive revisions and sentiment-recovery catalyst
- Risks include midterm elections, 2027 earnings estimates, and rate volatility
Идеи
Earnings tailwind offsets PE headwinds.
Earnings strength continues to provide a tailwind that offsets PE compression from tricky rates and inflation, supporting a 12-month S&P 500 target of 8150. The call is backed by five models, and the consumer-stabilisation thesis reinforces a modest but positive equity outlook.
AI-centric names to regain favor post-correction.
The AI trade experienced a broadening beyond megacap tech and semis, but semis are at peak revisions and expensive. After the valuation correction resolves, the earnings story will once again favor AI-centric names.
Financials look attractive on value and sentiment recovery.
The financial sector has reasonable valuations, good earnings revisions, and historically performs well when consumer sentiment rebounds. Recent consumer survey stabilisation suggests a turnaround that would benefit the sector.
Далее
This Bloomberg Markets video, published July 06, 2026, features Lori Calvasina discussing SPY, AI-centric stocks, XLF. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Lori Calvasina · Tickers: SPY, AI-centric stocks, XLF