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Tech selloff seen as profit-taking, not stagflation; AI-driven market rally continues.

Market News
08 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The recent market pullback, especially in tech stocks, is viewed as a profit-taking event rather than a sign of stagflation. Strong May payroll data closes the door on interest rate cuts this year, but the selloff is mainly in speculative and AI-related sectors. The supply issues that boosted some tech stocks like Micron appear to be resolving faster than expected. Despite short-term volatility, the long-term outlook for the S&P 500 and tech remains bullish, with the AI-driven market rally expected to continue.

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