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Happy_shanky
The SOX index gained 1.61% after eight consecutive sessions of losses, with memory stocks broadly participating in the recovery. The Nasdaq 100 also climbed around 1.2%. This suggests valuation pressure may be easing temporarily, but a lasting recovery is not yet confirmed. This week’s earnings will be crucial in determining whether AI demand and order growth can support heavy capital spending, especially as financing costs continue to weigh on valuations.
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