AI Stocks Rally as Investors Shrug Off Inflation Data
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The stock market rallied as investors shrugged off mixed inflation data; the Nasdaq hit a record high led by Nvidia and other AI stocks.
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Several AI-related stocks flashed buy signals, including Nvidia, Broadcom, Astera Labs, Arista Networks, Super Micro Computer, Datadog and Microsoft.
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Be careful about ramping up exposure too quickly even as opportunities emerge; this rally attempt still needs confirmation.
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Watch for the Nasdaq to break decisively above its April 4 peak and for broader market participation.
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Leading stocks are setting up with some looking actionable, so stay engaged and keep watchlists current for when the market gives the all-clear.