Equity markets rebounded May 13 as semiconductor and AI-hardware enthusiasm overwhelmed hotter-than-expected inflation data. Chip and tech stocks led gains, signaling investor confidence in the capex cycle despite near-term macro headwinds.
The move reflects a bifurcated market: weakness in rate-sensitive sectors offset by structural demand for AI inference and training hardware. CIOs and infrastructure buyers continue forward capex commitments despite tighter monetary conditions.