Reported 12 months ago
Investors continue to fuel the stock market with bets on artificial intelligence in the first half of 2024, with Nvidia's shares skyrocketing 149% and contributing to the S&P 500's 14% climb. Despite inflation concerns delaying Federal Reserve rate cuts, the AI frenzy persists, driving optimism that the central bank will eventually lower rates. However, potential challenges such as unchanged interest rates, election season volatility, and high stock valuations could hinder the market rally. Big tech companies like Microsoft, Amazon, and Meta are also benefiting from AI innovations, highlighting the transformative potential of artificial intelligence in driving productivity and growth.
Source: YAHOO