AI Stock Frenzy: Growth Stocks Go Parabolic as Tech Rally Surges
Markets & AI: Rally Amid Record Highs U.S. markets enter the week in a buoyant mood, shrugging off recent headwinds. Major indices closed Oct. 17 near all-time peaks (Dow ~46,200, S&P 500 ~6,664) ts2.tech, buoyed by blockbuster earnings and the promise of Fed rate cuts. Technology and AI-related stocks are powering the gains: the Nasdaq, in particular, has jumped about +15% so far this year ts2.tech. Investors point to robust corporate results (58% of S&P companies beat Q3 forecasts ts2.tech) and cooling inflation/interest-rate pressures. Big tech remains center stage. NVIDIA’s incredible momentum illustrates the theme: its GPUs are the backbone of