Industry
118d agoAI Stocks Drive S&P 500 Record Gains
Semiconductor stocks climbed in 21 of the last 23 trading sessions. Momentum investors are piling into AI favorites like Broadcom and Intel as geopolitical tensions ease. This rally pushes the S&P 500 toward fresh records.
The Signal
Traders now face a volatile environment where speculative fervor outweighs fundamental valuation metrics for chipmakers.