Reported 12 months ago
Corporate spending on artificial intelligence has been driving the stock market, particularly in the second quarter of 2024. While the S&P 500 showed a 3.9% rise and the Stoxx Europe 600 and Japan’s Topix also saw gains, the standout trend was the significant increase in market value for companies related to artificial intelligence, compared to companies not related to the theme. This shift in market dynamics indicates a potential correction once the AI rally slows down, but also presents an opportunity for broader-based gains in the future.
Source: YAHOO