Hello everyone, and welcome back to our weekly positioning watch. 

Equities have been dragged higher over the past week after NVIDIA published yet another earnings surprise, and markets were funnily enough buying into other Tech equities on the back of NVIDIAs earnings – strengthening the argument as to why AI / NVIDIA has proven to be a major driver in the equity space. 

Every single time NVIDIA or other GPU companies’ earnings surprise positively, we are witnessing a subsequent boom in the amount of AI related news, which are rapidly increasing at the moment. Not saying that it’s a bubble (although showing bubble-like dynamics), but “because of AI” is perhaps becoming a too frequent phrase..

Chart of the week: AI News counts are on the rise again..