The AI Rally Revival: A False Dawn for Tech Stocks?
The recent surge in technology stocks, led by South Korea's chip heavyweights SK Hynix and Samsung Electronics, may seem like a welcome respite from the bruising sell off that had battered semiconductor shares just days ago.
However, this rally is more of a temporary reprieve than a sustained recovery. Amazon's 9% jump in extended trading was particularly noteworthy, driven by continued strength in its cloud computing business.