AI Spending Keeps Rally Alive, but Skepticism Grows About Sustainability
TL;DR Summary
Stocks extended their AI-driven rally, buoyed by Micron’s upbeat outlook signaling ongoing AI spending, but investors remain wary of sustainability amid elevated valuations and rising hardware costs. Analysts say the gains could persist if AI demand stays strong, though concerns about crowded AI names and the risk of a flash crash persist; OpenAI reportedly delaying its IPO and JPMorgan’s positive S&P 500 outlook keep the debate alive.
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