A rally in megacaps spurred a rebound in stocks on speculation the artificial-intelligence boom will keep fueling market gains.
Traders brushed off any jitters surrounding the outlook for Friday’s US jobs report to reignite the trade that’s driven the Nasdaq 100 up over 45% this year. Optimism around AI resurfaced, with Alphabet Inc. up 5% a day after Google released Gemini, the “largest and most-capable AI model” it has ever built. Advanced Micro Devices Inc. also rallied after pledging its new accelerator chips will run AI software faster than rival products.
"stock" - Google News
December 08, 2023 at 01:20AM
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Stock Market Today: Dow, S&P Live Updates for December 7 - Bloomberg
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