U.S. stocks rebound strongly, S&P 500 rises 1.6% driven by AI capital expenditure
According to Golden Ten Data, U.S. stocks rebounded strongly on Monday, with the S&P 500 index rising 1.6%, reversing more than a 2% drop last Friday, and the Nasdaq 100 index surging 2.1%. OpenAI and Broadcom announced a partnership to develop custom chips and network devices, injecting new positive sentiment into the market.
Tom Essaye from Sevens Report stated that as long as the AI capital expenditure boom continues, the stock market can remain strong. However, if the market begins to doubt the overall economic stimulus effect of AI, the decline will be swift and painful. Gabelli fund manager John Belton pointed out that although there are pockets of overheating, calling the current situation a "bubble" is an oversimplification.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 617.77 BTC transferred from an anonymous address and, after intermediary steps, flowed into an exchange.
Today, 10 US Bitcoin ETFs saw a net outflow of 349 BTC, while 9 Ethereum ETFs recorded a net inflow of 36,459 ETH.
Trending news
MoreData: In the past 24 hours, total liquidations across the network reached $257 millions, with long positions liquidated for $82.7567 millions and short positions liquidated for $174 millions.
Fidelity International optimistic about emerging market assets next year, says large-scale capital has yet to enter
Crypto prices
More
