Nasdaq 100 rises as AI trade revives after rout
AI summary
The Nasdaq 100 climbed as the AI trade revived after a rout, with a rally in giant chipmakers buoying the stock market as dip buyers emerged, Bloomberg Technology reported. Those buyers are betting the artificial-intelligence investment boom will continue to support solid earnings, according to the report. Nimrit Kang, chief investment officer at North Star Asset Management, discussed a growth scare amid an earnings-driven rally.
In-depth insight
The report attributes the index gain to chipmaker strength and investor bets that the AI spending boom will keep supporting earnings, underscoring how AI capex expectations still shape broad market sentiment.
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