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More importantly, the generative AI smartphone market is forecast to grow at an annual rate of 78% through 2028, clocking annual shipments of 912 million units as per IDC.
The S&P 500 tech, communications services and consumer discretionary have jumped more than 30% this year. AI boom, Fed rate cuts lift U.S. stocks to new highs in 2024
US stocks were lower Tuesday in the final day of trading for 2024. But even with the S&P 500 down 2.3% in December, this has been a stellar year for stocks.
JPM predicts that the US will continue to lead by market cap share in 2037 as artificial intelligence benefits expand beyond a few large tech names that have dominated the market rally.
The NYSE Arca Tech 100 Index is a price-weighted index composed of common stocks and ADRs of technology-related companies listed on US stock exchanges. The index is maintained by the New York Stock Exchange, but includes stocks that trade on exchanges other than the NYSE. Companies from different industries that produce or deploy innovative ...
BofA is watching how the tech-heavy Nasdaq 100 is trading against the S&P 500. It says a decline in the ratio between the two indexes could signal the end of the "US exceptionalism" trade.
The Federal Reserve lowered interest rates by 25 basis points to a range of 4.25%-4.5% at its final meeting of the year and signaled it would slow down the pace of its cuts after slashing interest ...
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