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.