AEX price remains stable, but BESI takes heavy hits

The AEX price has started the new stock market week virtually unchanged from Friday's closing level. This is mainly the result of the chippers, who are once again struggling. ASML and ASMI have started price declines, but it is mainly BESI who is tapping. Today there is a drop of more than 7 percent on the signs for the chipper.

In recent months, the stock market has been all about chippers and the AI revolution. Now the winners seem to have to catch their breath. This is not surprising after months of price increases. Corrections are part of it. Also in bull markets.

The big question, of course, is what we are looking at. Is it a correction in a bull market or is this the beginning of a bear market? No one can currently give the answer to that question. Nevertheless, the most likely answer is that it is a correction in the bull market.

Why? Because the upward trend is still intact from a technical perspective. In addition, confidence in the AI revolution has not suddenly disappeared. There have been no major disappointments when it comes to AI companies' quarterly figures.

The correction began after the US central bank's harsh interest rate decision, while at the same time the market was ripe for a price decline. So it was not a reason that fundamentally affects the AI market.

Still, it's important to realize that nothing is certain in the financial world. Something can always break or go wrong, creating a bear market. But for the time being, the AEX seems to be warming up for a resumption of the upward price movement.

Investors should stick to that for the time being. The fact that there is a rational explanation for a price decline does not mean that it is easy to stay calm. Ultimately, this remains the great art of investing.