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Nasdaq 100 Climbs on AI Trade Revival After Rout

Key Points

A rally in giant chipmakers buoyed the stock market as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. Nimrit Kang, CIO at North Star Asset Management, discusses a growth scare amid an earnings-driven rally.

A rally in giant chipmakers buoyed the stock market as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. Nimrit Kang, CIO at North Star Asset Management, discusses a growth scare amid an earnings-driven rally. (Source: Bloomberg)
Nimrit Kang (PERSON) CIO (ORG) North Star Asset Management (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Technology Read original →