Recent first-quarter earnings reports have underlined the level of uncertainty surrounding tech stocks at a time when confounding Consumer Price Index (CPI) inflation figures have had an adverse impact on Wall Street. The news of March inflation data being hotter than expected at 3.5% caused widespread concern across U.S. markets.
Tech stocks were looking to build on the strong end to last week, edging higher early Monday. Crypto-exposed stocks enjoyed strong gains as Bitcoin's rebound continued.
Meta, Alphabet, and Amazon each are investing heavily in the hot technology of AI. This looks like a wise move considering the AI market may top $1 trillion by the end of the decade.
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