The S&P 500 (^GSPC) closed higher for the 36th time in 2024 on Tuesday. The tech heavy index can attribute much of its gains from the AI sector as about 30% of its value comes from the Magnificent 7 group of tech equities. According to a report from BlackRock, this hype is not expected to go anywhere.
Yahoo financial senior enterprise reporter Ines Ferré joins Catalysts to break down the report and what investors can expect for the AI hype train moving forward as the industry rally chugs along.
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