Tech Equities

U.S. CPI surged from 2.4% in February 2026 to 3.3% in March 2026, driven partly by Iran war energy disruptions via the Strait of Hormuz. Futures markets now price in just a 1-in-3 chance of any Fed rate cut in 2026. Cloud ETFs WCLD, CLOD, and SKYY are down 22%, 14%, and 10% year-to-date respectively.

Nio GeniTech closed a $330M Series A for autonomous driving chips while photonics startup Olix plans 2027 product launch, part of a wave of custom AI silicon funding. Language Processing Units with SRAM-centric designs are emerging as alternatives to Nvidia's general-purpose GPUs. OpenAI's $840B and Anthropic's $380B valuations are accelerating enterprise demand for specialized inference chips and data center equipment.