S&P 500 reaches new high, AI spending surges, semiconductor stocks poised for growth.

From Nasdaq: 2025-01-24 12:44:00

The S&P 500 Index hit a new all-time high after a brief sell-off triggered by new PPI data. Bulls remain in control but price gaps below could be filled. Investor sentiment has shifted from “Extreme Fear” to “Neutral.” February could bring a needed pullback. AI spending by tech giants like Microsoft and Meta Platforms continues to surge, with billions allocated for projects like Stargate and CAPEX. Animal spirits are also strong in markets like quantum computing and robotics. Overall, the market outlook remains bullish but investors should wait for pullback opportunities within the uptrend. Semiconductor stocks are poised for growth, with the global market projected to reach $803 billion by 2028. A top chip stock recommended by Zacks Investment Research is positioned to capitalize on the demand for AI, Machine Learning, and IoT. For more insights and stock analysis, visit Zacks.com.



Read more at Nasdaq: Market Update: S&P 500 Hits New High, AI Spending Surges