AI Push Powers S&P 500 to Record Earnings as Tech Leaders Rally
TL;DR Summary
U.S. large-cap stocks rose to multi-week records as AI-driven demand and strong Q1 earnings boosted the S&P 500 and Nasdaq-100; profit margins hit a record 14.7%, with a small group of AI-focused names—Alphabet, NVIDIA, Amazon, Broadcom and Apple—driving much of the index's gain, underscoring AI monetization as a key macro driver.
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