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Rob Haworth, a senior investment strategist at U.S. Bank, stated that the recent decline in semiconductor stocks may represent a buying opportunity for investors who are underweight in artificial intelligence.
Speaking on Market Domination Overtime, Haworth suggested that market participants are using the weakness to rebuild their positions and regain exposure to the AI trade.
He noted that while the sell-off in CoreWeave raises concerns about debt becoming a larger burden, current debt costs are not out of hand.
Haworth pointed to option-adjusted spreads on high-yield bonds, specifically single B, double B, and triple B issues, which remain well contained.
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