Tech stocks are set to push higher for another two quarters as AI infrastructure spending outpaces the past two years, Columbia Threadneedle’s Tiffany Wade said. The Nasdaq 100 dipped in midday trading, but the outlook for AI‑driven tech remains strong.

Wade cited Micron’s AI‑infrastructure tie‑up with Anthropic and Texas data‑center growth as proof that momentum will persist. Micron’s shares have surged $300% this year, setting a benchmark for the sector. Investors will watch its quarterly results for a verdict.

The Federal Reserve’s stance weighs heavily on high‑growth names. With a hawkish tilt from new Chair Kevin Warsh, nine of 19 policymakers expect a rate hike this year, tightening capital flows to tech firms.

Space X’s debut sale of investment‑grade bonds signals a broader shift toward AI‑focused capital expenditures. Companies will use bond proceeds to expand infrastructure, reinforcing the sector’s trajectory.