$9866 (+5,6 %)
$ZS (+0,17 %)
$M (-0,51 %)
$DLTR (-0,82 %)
$ASAN (+0 %)
$AEO (+2,71 %)
$AI (-0,63 %)
$GTLB (-0,48 %)
$CRM (-0,06 %)
$LULU (+0,93 %)
$DOCU (-0,19 %)
$PATH (+0,33 %)
$AVGO (-0,08 %)
$IOT
$FIG (-0,17 %)

With the interest rate cut in the US, capital invested in money market funds (short-term deposits that are paying around 5% in $) is starting to be invested in riskier assets. Investors are moving capital to try to maintain or increase yields, and a large part of this flow may go into shares. Capital in deposits is at an all-time high (7.4 trillion) and part of this could enter the market. In addition, in the medium term, the economy should heat up with the rate cut.

$AMZN (-0,22 %)
$GOOG (-0,27 %)
$CRM (-0,06 %)
$NOVO B (+2,81 %)
$NVDA (-0,21 %)
$PLTR (-0,78 %)
$O (+0,59 %)
$IREN (+5,43 %)
$ASML (+0,07 %)
$VICI (-0,28 %)

The possibility that we are currently in an AI bubble is real. As with previous hypes, the valuation of AI companies seems to be ahead of their actual profitability. Moreover, the S&P 500 is heavily overconcentrated in a handful of large tech players that are benefiting from the AI hype. Should these fall, the entire index will be pulled down with them.

That risk is compounded by the fact that the S&P has become historically expensive, with P/E ratios well above average. The risks are clear: if promised growth fails to materialize, valuations could collapse hard. The situation is reminiscent of the dot.com bubble of the early 2000s, but with an important difference: now, a lot of credit is being borrowed to finance AI growth. That makes a blow more dangerous, because debt puts extra pressure in a downturn.

Conclusion: AI could change the world permanently, but current valuations seem fragile. A bubble need not mean AI disappears, it does mean investors should prepare for sharp corrections.

$NVDA (-0,21 %)
$MSFT (-0,43 %)
$AMZN (-0,22 %)
$GOOGL (-0,23 %)
$META (-0,27 %)
$AVGO (-0,08 %)
$TSM (+0,05 %)
$ORCL (-0,66 %)
$PLTR (-0,78 %)
$ADBE (-0,41 %)
$AMD (-0,24 %)
$AAPL (-0,27 %)
$IBM (-0,89 %)
$QCOM (-0,46 %)
$MU (+0,04 %)
$SNOW (-0,13 %)
$CRM (-0,06 %)
$MDB (+0,09 %)
$AI (-0,63 %)
$VOO (+0,04 %)

A matter of time before it turns upwards again 🚀

But with a little extra cash, there were a few $CRM (-0,06 %) pieces

I will definitely get back in at $AXP (-0,07 %) if the share is valued somewhat more attractively again.

I bought into Salesforce on Thursday. After the setback, I see this as an attractive opportunity. CRM has been a leading player in the SaaS sector for years, with stable cash flows, a strong customer base (from Finnair to PepsiCo) and a clear focus on AI integration.

I see the company as well positioned for the long term - solid balance sheet, recurring revenues and strong market position. For me, a classic "buy the dip" purchase to expand my position in a quality company.

Despite strong quarterly figures and stable margins, the Constellation Software share has fallen $CSU (+0,18 %) have fallen below important technical support levels.

Are these just general market movements - or are they now also affecting $CSU (+0,18 %) concerns that AI could put classic B2B SaaS models under pressure similar to $ADBE (-0,41 %) od. $CRM (-0,06 %) ?

Are interesting buying opportunities opening up here?

What do you think?

smaller $CRM (-0,06 %) after purchase late night