Big Tech’s AI spending, Treasury yields plunge: Market Takeaways

Big Tech’s AI Investments Boost Market Sentiment
Recent developments show that U.S. stocks (^GSPC, ^IXIC, ^DJI) closed higher, fueled by a notable rise of over 5% in Nvidia (NVDA) shares. This surge is attributed to ongoing investments in artificial intelligence (AI) from major technology companies, alleviating initial worries about decreased capital expenditures (CapEx). As reported by Yahoo Finance senior reporter Josh Schafer, leading firms like Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are ramping up their CapEx spending, which positively impacts Nvidia’s performance. Adding to the favorable market atmosphere, the 10-year Treasury yield (^TNX) dropped to its lowest point since mid-December, further enhancing investor sentiment and contributing to gains in sectors such as real estate.

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