Why Market Momentum May Tell What's Next For The AI Trade

With AI stocks pulling back from recent highs, investors are looking for signs of what’s next. Jeff Evans, Vice President, Director and Lead for Empirical Research and PM Support with TD Asset Management, says price momentum remains one of the most important factors to consider. He notes that the level of AI hyperscaler capex growth is slowing, and it's important not only to focus on momentum, but also fundamentals.