The “TACO trade” reappeared in U.S. equities yesterday. Trump’s remarks triggered a sharp pullback in oil prices, quickly restoring market risk appetite and sending all three major U.S. indexes higher. As geopolitical risks eased, the market’s main trading narrative may shift back toward the AI sector.
The biggest recent story in AI has been the explosive rise of the open-source agent project OpenClaw. At the same time, there are reports that NVIDIA may launch its own AI agent platform, NemoClaw. Looking ahead, market attention will likely focus on two major tech events — NVIDIA GTC and the OFC optical communications conference. As AI models continue to scale up, demand for computing power and data traffic is surging, and the market’s focus across the supply chain is gradually expanding from GPU compute to optical communications and network interconnect technologies.
Key points:
The TACO trade returns: Trump’s remarks pushed oil prices lower, and U.S. stocks rebounded sharply.
The market narrative shifts back to AI: As geopolitical risks cool, capital is turning its attention back to tech.
A new AI hotspot: OpenClaw has gone viral and could become a mass-market AI application.
NVIDIA’s new move: Reports suggest it may launch an AI agent platform called NemoClaw.
Key upcoming catalysts:
Oracle earnings (AI data centers and capital expenditure)
NVIDIA GTC (new architectures and AI chips)
OFC optical communications conference (optical modules and CPO technology)
Industry trend: The bottleneck in AI development is shifting from pure compute power toward network bandwidth and optical interconnect technologies.
Disclaimer:
The above content reflects personal views and market discussion only. It does not constitute any investment advice or recommendation to buy or sell. Investing involves risk, and readers should make their own assessments and bear responsibility for their own decisions.