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AI Boom Fuels Tech Stocks Surge | Irvine News
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Tech stocks surged this week as Amazon rocketed nearly 14% on triple-digit profit growth fueled by its AI-powered cloud business, echoing Microsoft’s earlier gains and signaling that massive AI investments are finally paying off. Wall Street’s AI skepticism is fading, with chipmakers like AMD and Micron also rallying, while South Korea’s Kospi hit a record high thanks to Samsung and SK Hynix. Meanwhile, Apple’s dip—despite strong earnings—hints at its lagging AI bet, underscoring how AI is reshaping markets, from tech giants to oil and mortgage rates.
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