Analysts: The market weight of the AI zone in US stocks is far higher than that of interest rate sensitive industries, and the fundamentals remain strong.

Jin10 data reported on September 10, T. Rowe Price expects that the returns of the US stock market will remain strong, as the thriving artificial intelligence zone has a weight in the market far higher than that of interest rate-sensitive industries. Capital Market strategist Tim Murray stated in an email that companies serving AI infrastructure construction, such as semiconductor manufacturers, cloud computing, data centers, and network equipment suppliers, have achieved outstanding profit growth. He pointed out that driven by large technology companies, AI capital expenditures have surged, and the funding comes from these companies' own cash flows, so higher interest rates have not posed a barrier. This means that even if the overall economic growth is moderate, the fundamentals of the US stock market can still remain strong.