Market Factors: High hopes become disillusion for AI investors. Plus, top-rated enhanced yield funds

This week we‘ll assess the implications of ASML’s stunning disappointment on the tech sector as a whole, the recent herding of Wall Street strategists into cyclicals, a 1983 classic movie and a look ahead to important economic data.The Netherlands-based semiconductor provider ASML reported new orders for delivery so dramatically below expectations that it may be a shot across the bow for investors in the broader technology sector. ASML reported €2.

Mr. Chanda does expect that AI will eventually transform numerous industries including health care, education, manufacturing and transportation. He believes that the effects of AI will be so pervasive that the loss of white-collar jobs might threaten economic growth. The electricity needs alone indicate the scale of upcoming spending. Power demand will be high enough that Microsoft has partnered with Constellation Energy to reopen a Three Mile Island nuclear reactor. Alphabet announced a deal to buy a series of small reactors from Kairos Power.

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