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AI Stocks Shake as IPOs Heat Up
Description
AI stocks are bouncing wildly this week, with tech giants like Micron swinging from gains to losses in a day, sparking questions about a potential market correction. Meanwhile, buzz is heating up around IPOs for AI powerhouses like OpenAI and SpaceX, raising eyebrows amid current volatility. Amid the chaos, falling oil prices are lifting airlines, while companies like J.M. Smucker surprise with strong profits — proving not all sectors are AI-driven. And looming over it all: inflation fears could push the Fed to raise rates again, potentially slowing AI infrastructure growth and cooling the economy. It’s a rollercoaster ride with no brakes in sight.
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