Thursday, September 17, 2026: The Club's breaks down the AI trade after the Fed's first rate hike since 2023
Why now
Thesis: AI trade reassessed amid first rate hike since 2023
Catalyst to watch: AI capex guidance or rate path clarity
Main risk: Higher discount rates compress AI valuations
Why it matters
Reassessing the AI trade after a rate hike reflects tension between AI capex momentum and higher discount rates.
Sources
- googlenews · news.google.com · 2026-09-17 14:46 UTC