Investors will be assessing Australia's inflation numbers for April, with the weighted inflation rate expected to ease to 3.4% from 3.5% in March.
"We are far from topping out on AI. This should be enough to sustain investor confidence in AI supply chain stocks in Asia," the investment bank's analysts wrote in a May 22 research note. "I have never seen anything like this in terms of the dramatic earnings acceleration it's displaying … it's never happened before to a company of this size, and it's unprecedented," he said Tuesday.It may be time to take a more neutral stance now that stocks have reached record highs, according to RBC Capital Markets.
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