PANews reported on May 16th that, according to Jinshi, investors are enthusiastically chasing the surge in tech and AI stocks, but the market generally acknowledges that rising bond yields could derail the stock market. Most respondents pointed out that if the 30-year US Treasury yield remains consistently above 5%, it would pose a problem for AI stocks. Alexander Drabevich, Chief Investment Officer of Société Générale Wealth Management, called it a "danger zone" for the stock market.

Kevin Toze, of the investment committee at Camignac, stated that long-term US Treasury yields are at a critical intersection of AI capital expenditures and private credit financing costs. This could impact the cost of financing government deficits and potentially have a "negative impact" on household wealth. Benoît Pelouy, chief investment officer at Natixis Wealth Management, said, "While there is strong bullish sentiment in the stock market, interest rates are still rising." He warned that if yields continue to climb, the market could face a "reality test."