This is a news story, published by Yahoo Finance, that relates primarily to AI news.
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PCE inflationYahoo Finance
•87% Informative
Friday will bring investors a key inflation reading, a light smattering of corporate results, and a rush to superlatives to characterize another consensus-busting period for markets.
Micron 's report will be most closely watched for signs of how robust AI demand remains across its portfolio.
The best-performing stocks in the S&P 500 this year are mostly focused on AI plays.
Last year , the AI trade took markets by storm.
In 2022 , tech stocks got whacked with rates rising, layoffs began to sweep an industry that had aggressively scooped up talent in 2020-21 .
Continued clean-up on costs in 2023 helped investors grow excited about profit margins heading into 2024 .
Management teams still have plenty of cover from the broader environment to continue slimming down employee ranks or pulling back on other expenses.
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