STOCKS | Moomoo Manager Says Targeted Selling Reflects Stricter Valuation Discipline in AI-Linked Growth Stocks

A Moomoo Australia and New Zealand financial trading manager said targeted selling suggests investors are applying stricter valuation discipline after a sustained rise in AI-related and speculative growth stocks. According to Odaily, Chris Strazzeri said the market is being reminded that higher actual profit levels are needed to support currently elevated price-to-earnings ratios. Strazzeri added that Micron Technology’s after-hours earnings release largely supported this view, and its results improved overall market sentiment toward the technology sector.