Warsh Speaks: Is the Market About to Shift Can AI Still Run

Keith Farnsworth
08-31

After Warsh’s remarks, markets are once again pricing in higher odds of a rate hike:


Treasury yields ↑, USD ↑, Nasdaq under pressure.


But I don’t think the AI story is over — it’s starting to separate winners from losers.


🔥 Stocks I’m watching in the US:


NVIDIA（‌$英伟达(NVDA)$  ‌）— The core AI chip play. On a pullback, I’m watching earnings and capex.


Microsoft（‌$微软(MSFT)$  ‌） — Azure + Copilot. A more mature AI monetization story.


GOOGL（‌$谷歌A(GOOGL)$  ‌） — Advertising cash flow + Cloud + AI. Strong core business.


Amazon（ ‌$亚马逊(AMZN)$  ‌) — Cloud + AI. The key question is whether AI can ultimately translate into real revenue growth.


In Hong Kong, I’m watching:


Tencent / Alibaba / Meituan + biotech/pharma + high-dividend stocks


The core takeaway:


In a higher-rate environment, the market stops rewarding stories and starts rewarding real earnings.


So what I’m watching isn’t whether AI will fall,


but:


Which names are worth buying when they do. 🚀 







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Comments

  • SteveWatson
    08-31
    SteveWatson
    If rates stay higher, NVDA is the first name where multiple pain shows up. Real earnings matter, but AI monetization still looks behind the capex hype
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