AI Stock Boom
About AI Stock Boom
A massive rally in artificial intelligence stocks starting in 2023. Nvidia, the leading AI chip maker, rose from 140 to over 1,000, becoming the most valuable company in the world with a market cap over 3 trillion. Microsoft, Google, Meta, and Amazon invested hundreds of billions in AI infrastructure. The AI boom drove the S&P 500 and NASDAQ to record highs. Critics compared the excitement to the dot com bubble, while supporters argued AI was genuinely transformative. Nvidia alone added over 2 trillion in market value in under two years. The boom concentrated gains in a handful of mega cap tech stocks known as the Magnificent Seven.
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