Big Tech Stocks Soar as Traders Bet Democrats Will Slow AI Spend
The shares of US technology giants led the market higher on Wednesday as investors bet that a Democrat-controlled Congress will slow the massive spending on artificial intelligence that’s eating up...
By Jeran Wittenstein and Ryan Vlastelica · Bloomberg Markets
The shares of US technology giants led the market higher on Wednesday as investors bet that a Democrat-controlled Congress will slow the massive spending on artificial intelligence that’s eating up free cash flow.