Reported about 18 hours ago
Investor interest in artificial intelligence is broadening, moving past the 'Magnificent Seven' tech stocks as expectations grow for expansion into utilities and software sectors. With major companies increasing capital expenditures significantly, particularly for AI infrastructure, analysts predict a robust growth in S&P 500 earnings driven by AI across a wider array of industries, suggesting a shift toward 'phase 3' stocks that will benefit from AI-driven revenues.
Source: YAHOO