The AI fervor powering the stock market shows no sign of cooling down. Much as in 2023, investors piled into bets in the first half of this year that the artificial intelligence boom is just getting started. Nvidia’s ascent is a big reason the S&P 500 has climbed 15% this year—nearly as much as in last year’s standout first half—even as a series of hot inflation readings damped investors’ hopes that the Federal Reserve would soon begin to cut interest rates. Read More...
The AI fervor powering the stock market shows no sign of cooling down. Much as in 2023, investors piled into bets in the first half of this year that the artificial intelligence boom is just getting started. Nvidia’s ascent is a big reason the S&P 500 has climbed 15% this year—nearly as much as in last year’s standout first half—even as a series of hot inflation readings damped investors’ hopes that the Federal Reserve would soon begin to cut interest rates.
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