Business
Investors Come Back to AI Stocks, Snapping Market Out of Inflation Gloom
Wall Street took a break Thursday from worrying about interest rates and inflation to revert to a tried-and-true investment idea: snapping up shares of companies tied to artificial intelligence.
A rally in tech stocks from chip makers to the Magnificent Seven giants to data storage companies led U.S. stock indexes higher Thursday, bringing relief to investors after a rough stretch in which stocks tumbled and the 10-year Treasury yield reached its highest level since 2007.
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