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AI Boom Feeds Bull Market

  • Companies focused on artificial intelligence are surging on Wall Street, lifting tech stocks and broader indexes.
  • Nvidia and Mobileye shares rallied after receiving positive analyst calls tied to their AI prospects.
  • Though Washington reached an agreement to raise the federal debt ceiling, the pact fails to provide the stimulus markets crave.
  • The outcome relieved fears of missing payments but dashed hopes for substantial new spending.
  • Market indexes closed near record levels as investors bet on more government aid and an eventual end to the health crisis.
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