Yes. However, if there's anything to this news it's what could cause that trend to change. Beyond Deepseek - I'm sure the market's still digesting what the hell Trump will mean for the economy. And we still got that FOMC meeting on Wednesday coming up.
In my view what this is causing is rotation, plenty of stocks are up. It's just all AI-related stuff getting really hammered. Edit: SMCI reporting after the close.