VIDEO: CES Re-Energizes AI Trade, Puts 'Second Derivative' Tech Plays in Focus
December-quarter earnings will be key for the AI trade and the market.
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Chris Versace joined the Schwab Network and host Diane King Hall Wednesday morning to talk about why markets experienced a tech-led rebound to kick off the first full trading week of the year.
Chris points to CES 2026 as the key catalyst, noting the wealth of AI, robotics, and autonomous driving updates revving up investor confidence. He believes we're still "very early" in AI adoption, expecting "second derivative" companies in the trade, such as storage chips, to continue rallying.
Chris also explains why AI adoption and usage metrics in the upcoming December-quarter earnings from software companies like Salesforce (CRM) , ServiceNow (NOW) , and others should be a focal point for investors. He also explains why he sees the market’s next move as predicated on earnings guidance over the coming weeks.
At the time of publication, TheStreet Pro Portfolio was long NOW.
