Posted 3/19/2024, 8:05:00 PM
Stocks Hit Record Highs as Tech Giants Race to Advance AI
- S&P 500 hits a fresh record high ahead of the Federal Reserve's policy decision, with gains led by Nvidia after its annual conference
- Microsoft hires key AI experts like DeepMind's co-founder, reflecting tech giants racing to advance their AI capabilities
- Bipartisan effort in House passes bill to ban TikTok, but Senate's track record suggests it could stall there
- More investors see possibility of high growth and high inflation "no landing" scenario rather than recession
- Bank of Japan ends negative interest rates, while Fed expected to start cutting rates this summer amid different economic situations