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U.S. AI Stocks Continue Rally Premarket
U.S. artificial-intelligence stocks look set to continue Thursday’s rally as the AI trade regains momentum.
A trade deal between the U.S. and Taiwan confirmed plans for Taiwan Semiconductor Manufacturing Co. to boost its investment in the U.S., in turn lowering tariffs on Taiwanese imports that feed the U.S. AI economy.
The trade agreement might not be such good news, however, as upcoming tech results will be watched for any signs of accounting sleights of hand, Swissquote analyst Ipek Ozkardeskaya said.
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