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Puru Saxena: AI stocks could rally after 4-month trading range ends

Puru Saxena: AI stocks could rally after 4-month trading range ends
AI stocks poised for rally soon

Puru Saxena, investment commentator and ex-fund manager at FinTwit, states that the 4-month trading range in markets appears to be ending as seasonality turns more favorable.

He expects a major rally in leading AI stocks, which experienced declines of 50-60% in June and July. As seasonal trends shift, Saxena suggests the potential for a strong rebound in these equities.

Saxena previously highlighted renewed buying in AI infrastructure stocks after steep declines in June and July, noting positive prospects for sector valuations. He also observed that AI stocks had fallen 3–4 percent in pre-market trading, emphasizing that market reaction can outweigh news flow. These earlier comments provide context for his latest expectations of a rebound in leading AI names.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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