Key points
Nomura 2026 strategy cumulative returns and risk metrics ｜ AI Enablers vs Hyperscalers peaked at +80.4% on June 22 and fell 15% last week; the Semis-Energy Barbell is +43% YTD
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2026-11-08
Nomura 2026 Themes: AI Enablers-vs-Hyperscalers Hit +80.4% Then Gave Back 15% in a Week