US stock market hits all-time high as investors bet big on AI
The US stock market has climbed to a record high as investors make large bets on artificial intelligence. The benchmark S&P 500 is up 14 percent so far this year.
The US stock market has reached an all-time high, with investors placing large bets on the future of artificial intelligence, according to Al Jazeera.
The benchmark S&P 500 index has gained 14 percent since the start of the year. That advance comes despite two unfavourable developments: oil prices remain elevated, and US government debt has been hit by a sell-off.
Investor sentiment in equities has therefore so far proved sturdier than concerns about costlier oil and pressure on government bonds. The information available does not name specific companies or transactions that helped drive the record.
