Steve Hou: AI trade has moved sideways since late October

Steve Hou: AI trade has moved sideways since late October
AI trade flat since October

AI trading activity has largely been flat since late October. Steve Hou points out that, after a prolonged period of sideways movement, it may finally be time for AI-related trades to move upward.

The statement reflects cautious optimism about a potential shift in trading trends for AI sectors after a period of stagnation.

Hou has previously highlighted the modest 1% decline in China stocks following the Strait of Hormuz closure, contrasting it with a sharper 4% S&P 500 drop in his recent coverage. He has also discussed how rising AI-driven demand has helped revive companies such as Babcock & Wilcox, reflecting changes in the U.S. industrial sector in another report. These observations add further context to the current focus on AI trading trends.

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