US stocks' "AI trade" may face tests from corporate earnings including Meta this week

Odaily Report: After last week's heavy selloff in chip stocks, U.S. equities are expected to recover some losses and are poised for a positive start this week, with corporate earnings set to put the artificial intelligence (AI) thematic trade to the test once again. Meta's earnings report this week will serve as a fresh test of investor confidence in the AI trade, and Tesla will also release results. The sector has suffered a sharp pullback recently, with the market worried about whether the companies involved can sustain rapid profit growth while continuing to support an investment boom that is increasingly reliant on high-cost debt financing.