artificial-intelligence industry
Coverage of artificial-intelligence industry in the Nexus archive.
- The three factors that have finally brought the small-cap trade to life
Goldman Sachs strategists identified three catalysts for the Russell 2000's recent outperformance: the artificial-intelligence industry, a strong economic backdrop, and a rise in biotechnology stocks. These factors have revitalized the small-cap trade.
- US stocks trim their losses for June
U.S. stocks reduced their June losses with the S&P 500 up 0.6% and the Nasdaq rising 1.2%, driven by a rebound in AI stocks like Nvidia. However, the S&P 500 is still on track for its first monthly decline in three months, with Oracle dropping nearly 36% for June. A resilient job market report contrasted with weaker-than-expected consumer confidence data.
- Wall Street drifts toward the finish of a tough June
U.S. stocks face a challenging June as the S&P 500 and Dow Jones head toward losses, driven by declines in artificial-intelligence stocks. Job market data shows resilience with increased job openings, but consumer confidence improved less than expected. Oil prices rose amid diplomatic talks in Qatar about ending the Iran war, while European and Asian markets saw gains.