AI rally returns as S&P 500 hits records but must prove staying power

Price Action
โดย Yahoo Finance·US·Read original
Summary · why it matters

The S&P 500 broke out to record highs after months of reversals, but the rally still has something to prove. The Nasdaq-100 and chip stocks rebounded even faster, with the PHLX Semiconductor Index up about 15% from its July 29 close. Jim Bianco called the move a mega short cover, noting the Nasdaq-100's four-day run through Tuesday ranked among the strongest of the past two decades. The biggest rebounds came from the stocks hit hardest before the July 29 low, while the overall rally is top-heavy once again, with the equal-weighted S&P 500 up less than 2%. Microsoft, Nvidia, Amazon, and Alphabet have added roughly $2.5 trillion in market value since July 29, while Apple fell 8% and erased about $400 billion. The chip index needs to hold 10,500 to the downside and clear 12,500, then 13,000 to the upside for the rally to continue.

Impact on stocks 18

Artificial Intelligence▲ · 9 stocks
Semiconductors▲ · 6 stocks
Energy Transition & Power Demand▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
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