Tech Stocks Bounce Back as AI Concerns Begin to Ease

• Tech stocks are experiencing a bounce as dip-buyers return, easing immediate AI concerns.
• Software sector valuations remain stretched, with uncertainty surrounding the ROI of increased AI-related capital expenditures.
• The market is seeking new metrics, such as 'token consumption' and 'RPO', to gain long-term revenue visibility for AI companies, which is currently lacking.

The discussion highlights a bounce in tech stocks as initial AI jitters subside. However, concerns persist regarding stretched valuations in the software sector and the uncertain return on investment from AI-related capital expenditures. New metrics like 'token consumption' are emerging as crucial for assessing long-term revenue visibility.