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A rebound in chipmakers buoyed the stock market Monday as dip buyers emerged on bets the artificial-intelligence investment boom will continue to support solid earnings. The advance in tech stocks lost steam last week as investors questioned the sustainability of AI spending, given the outlook for higher rates. This week’s earnings from Meta Platforms will provide a fresh proving ground for confidence in the AI trade, while SpaceX, Tesla, and Meta are also due to report. The industry is still set to account for nearly 70% of global earnings growth next year, according to Citigroup.
On today's episode:
Mandeep Singh, Bloomberg Intelligence Global Head of Technology
Dan Ives, Partner at Yorkville Ives & Co.
Perplexity CEO Aravind Srinivas & Ed Ludlow, Host of Bloomberg Tech
Sophie Alexander, Bloomberg New Wealth Reporter & Alex Rajbhandari, Bloomberg News US Insurance Reporter
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