AI Hype Boosts Tech Stocks
This is a US news story, published by Yahoo Finance, that relates primarily to David Kostin news.
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rapid earnings growthYahoo Finance
•The AI stock trade is starting to shift beyond the 'Magnificent 7'
81% Informative
Goldman Sachs chief US equity strategist David Kostin projects the S&P 500 will reach 6,500 by the end of 2025 .
The rapid earnings growth seen in large caps over the past 18 months is expected to slow, while earnings are expected to pick up for the other 493 stocks.
Tech companies are also ramping up spending to pay for the power required to run AI data centers.
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