Posted 3/26/2024, 1:31:42 AM
AI Stocks Rally Continues as Investors Eye Inflation Data, Fed Signals
- U.S. stock index futures rose slightly on Monday, recovering some losses after a negative session on Wall Street.
- Gains in major artificial intelligence (AI) stocks continued in after-hours trading as investor optimism persists.
- Inflation data and commentary from Federal Reserve officials this week may provide clues about future interest rate policy.
- The AI rally lifted shares of companies like NVIDIA and Micron to new highs based on growth prospects in the sector.
- JPMorgan rated server maker Super Micro Computer a "buy", further boosting AI-related stocks after hours.