AI infrastructure plays are the way to go: Analyst

Paul Meeks News

AI infrastructure plays are the way to go: Analyst
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The tech sector is pulling stock markets (^DJI, ^IXIC, ^GSPC) lower following underwhelming reports from Magnificent Seven tech stocks. Harvest Portfolio...

Meeks reveals he's refraining from buying tech stocks at the moment. While he remains"pretty comfortable with the continued AI infrastructure building names," he acknowledges that regardless of fundamental performance, stock prices could still decline."So what I am doing is I have a prohibition on buying at least till we get through next week's reports," he explains.

And so what I am doing is I have a prohibition on buying at least until we get through next week's reports.So my favorites list, I continue to like the infrastructure plays more than I do on the companies such as software that will be developing products for A I customers coming out of the A I infrastructure building pipeline.I like Dell, I like Hewlett Packard Enterprises and I like Super micro and we will get some good tells in the next week on all those names.

The use cases are very small sample sizes and uh, I'm jaded enough from doing this a long time that I'll believe it when I see it.But uh I need to see uh, more evidence.CFO on after their earnings, print in the market, certainly reacting positively. The officer fatally shot a man in 2016 and was named but later removed from a lawsuit the city settled in a separate case.'I love the forgiving fit': This flowy button-down shirt is on sale for $24

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