US stock market's "AI trade" this week may face tests from corporate earnings such as Meta

Odaily reports: After last week's heavy selloff in chip stocks, the U.S. stock market is expected to recover some losses and is likely to see a positive start this week, with corporate earnings this week expected to put the AI-themed trade to the test once again. Meta's earnings report this week will be a new test of investors' confidence in the AI trade, and Tesla will also release results. The sector has recently suffered a sharp selloff, with the market worried about whether the companies involved can maintain rapid profit growth while continuing to support an investment boom that is increasingly reliant on high-cost debt financing.