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US Stocks Rebound Strongly, S&P 500 Rises 1.6% Driven by AI Capital Expenditure
Summary: According to Jinshi's report, US stocks rebounded strongly on Monday, with the S&P 500 index rising 1.6%, reversing the over 2% decline from last Friday, while the NASDAQ 100 index surged 2.1%. OpenAI and Broadcom announced a collaboration to develop custom chips and network devices, injecting new optimism into the market. Tom Essaye of Sevens ...
According to Jinshi's report, US stocks rebounded strongly on Monday, with the S&P 500 index rising 1.6%, reversing the over 2% decline from last Friday, while the NASDAQ 100 index surged 2.1%. OpenAI and Broadcom announced a collaboration to develop custom chips and network devices, injecting new optimism into the market.
Tom Essaye of Sevens Report stated that as long as the AI capital expenditure trend continues, the stock market can maintain its strength. However, if the market begins to doubt the stimulative effect of AI on the overall economy, the decline will be rapid and painful. Gabelli fund manager John Belton pointed out that although there are pockets of overheating, labeling the current situation as a 'bubble' may be oversimplifying.
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Link: US Stocks Rebound Strongly, S&P 500 Rises 1.6% Driven by AI Capital Expenditure [Copy]
