Castle Securities: Expectations of Fed interest rate cuts fail to lower long-term US bond yields, bullish on cloud infrastructure providers

Castle Securities stated that the Federal Reserve's policy path is driving long-term US bond yields to remain high. The yield of 30-year US treasury bond bonds once rose to 5.28%, the highest level in 19 years. In the field of artificial intelligence, Castle Securities is more optimistic about cloud infrastructure and large cloud computing enterprises, rather than cutting-edge AI model developers, and tends to invest in hyperscalers with computing infrastructure advantages, including MSFT and GOOGL.