The market has been showing some encouraging signs lately — and AI growth stocks could be at the center of what comes next.
Last Friday, for example, both the QQQ and SPY jumped back above their 50-day SMAs.
The result?
The market wiped out all of its losses since the Iran conflict began.
In fact, many big names in the market are either approaching all-time highs — or have already passed those levels.
Charlie Moon has been closely following the momentum AI growth stocks have exhibited lately.
On Benzinga’s Premarket Playbook this week, he broke down some of the moves he’s seeing in AI growth stocks, the return of the MAG7, and what it all means for traders looking to put on risk.
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Charlie’s analysis covers:
- Some of the explosive moves he’s following in AI growth stocks
- The key signal he’s watching in tech stocks for market balance
- How ORCL led the SaaS apocalypse names back to life
- Why he believes MSFT looks poised to explode off its lows
- How the Iran ceasefire and ongoing negotiations could influence risk-on momentum
