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AI trade helped drive record-breaking week on Wall Street
CNBC said inflation came in without surprises, supporting risk appetite as Intel and Nvidia helped power AI-related buying.
CNBC Earnings said last week’s record-breaking action on Wall Street was driven by the artificial intelligence trade and new financing developments tied to AI.
The outlet also pointed to inflation that moderated without surprises, alongside major AI movers that helped keep momentum in equities.
According to CNBC Earnings, the combination of easing inflation expectations and AI-related catalysts supported broad market strength during the week.
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