Four Tech Titans Propel Stock Market to New Highs on AI Hopes The record stock market gains are heavily reliant on a few large tech stocks, primarily driven by excitement around AI. Nvidia, Microsoft, Apple, and Alphabet alone added over $1.4 trillion in value this month, more than all other S&P 500 stocks combined. Nvidia, boosted by AI demand, accounted for half of this gain. While AI has spurred significant growth since the launch of ChatGPT in late 2022, concerns arise that the surge may resemble the unsustainable profit levels seen in the 2007 banking sector rather than a pure stock bubble. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE Core PCE Inflation Rises 0.2% in April, Matching Forecasts READ MORE Powell Dismisses Stagflation Fears READ MORE PRICE ALERT: Gold to $2,415 Nearing Record Highs, Silver to $31.50 READ MORE December PCE: Core Inflation Dropped More Than Expected READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment