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Hey ChatGPT, did AI save the world this week...?

That AI love affair did not die

It looks like, in the end, it was AI that saved the markets this week. That love affair from investors toward the AI space (and tech in general) is what brought in the buyers.

  1. Hedge funds bought the AI TMT space consistently over the past 7 sessions
  2. The L/S ratio (of AI TMT) is rising and high on a LT basis (91st %-tile), but below highs seen earlier this year