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Copper Extends Rebound as Global Technology Stocks Resume Rally

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Commodities Copper Extends Rebound as Global Technology Stocks Resume Rally Copper extended its rebound from last week’s slump, tracking a rally in technology shares due to the metal’s use in power infrastructure and data centers. The industrial metal has moved in tandem with artificial intelligence stocks in recent months. It had slumped 2.7% to a three-month low last week as concerns rose that the Democrats’ sweep of US midterm elections could mean greater regulation of AI.

Commodities Copper Extends Rebound as Global Technology Stocks Resume Rally Copper extended its rebound from last week’s slump, tracking a rally in technology shares due to the metal’s use in power infrastructure and data centers. The industrial metal has moved in tandem with artificial intelligence stocks in recent months. It had slumped 2.7% to a three-month low last week as concerns rose that the Democrats’ sweep of US midterm elections could mean greater regulation of AI.
Copper Extends Rebound (ORG) Global Technology (ORG) Rally Commodities Copper Extends Rebound (ORG) Rally Copper (ORG) Democrats (ORG) US (LOCATION) AI (ORG)
Originally published by Bloomberg Markets Read original →