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Market Soars Amid AI Chip Boom | Business and Finance News
Description
The stock market’s on fire this year, soaring past 9% for the Dow and S&P 500, and nearly 12% for the Nasdaq — even amid global chaos, oil shortages, and AI bubble fears. Strong corporate earnings, resilient consumer spending, and explosive gains in AI chipmakers like Micron and Sandisk are fueling the rally, overshadowing sluggish performance from tech giants like Meta and Tesla. What was once a worry-filled economy is now surprising everyone — and investors are betting big on continued gains, though rate hikes loom as a potential headwind.
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