Posted 2/20/2024, 3:58:57 PM
Wall Street Obsession With AI Stocks Outshines Inflation Data
- AI is dominating the conversation on Wall Street rather than inflation data, sucking all the oxygen out of the room according to Antonelli
- Companies related to the AI theme like Nvidia, Facebook, Amazon, Google are drawing a lot of investor attention
- Markets get obsessed over certain themes sometimes, and right now it's AI over inflation
- The stock market isn't as impacted by inflation data anymore because of the focus on AI
- Beyond the major tech names, areas like consumer discretionary, staples, industrials are also seeing catalysts