📊 AI Capex Lift Breadth

Good Morning Investors,

Risk appetite broadened across equities, lifting smaller names alongside technology. Sector leadership came from commodities and semiconductors. Mining shares surged on a sharp move higher in precious metals, while chip stocks and information technology advanced as investors leaned back into growth infrastructure tied to AI spending. A softer U.S. dollar added fuel, supporting global equities and reinforcing demand for real assets, particularly silver linked producers and developers.

The message is rotation and responsiveness to macro signals. Commodity focused juniors and semiconductor supply chain names remain the most sensitive to currency moves and AI capex narratives. Volatility remains elevated, so selectivity and position sizing matter as sentiment can pivot quickly between growth driven themes and resource led trades.

Matthias Schneider
Editor at Analytica Investor