The Zhitong Finance App learned that in early trading of US stocks on Friday, technology stocks and semiconductor stocks continued to decline, and market sentiment continued to be tight between AI valuation concerns and high interest rates. However, strategists are sending a subtle signal: being overly bearish may be just as dangerous. On one side is the sharp sell-off experienced by AI transactions, and on the other side is the historical resilience shown by the S&P 500 bull market. Investors are standing at a crossroads where position structures need to be re-examined.

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