Technology stocks are surging today, led by Alphabet's quantum computing breakthrough. The Nasdaq Composite rose 1.52%, highlighting a strong performance in tech despite mixed results for other indexes.
Apple's new partnership with Broadcom to design custom AI chips signifies a shift in its approach to data centers. This collaboration could boost Apple's competitiveness in the AI space.
Despite a slight uptick in the consumer price index to 2.7%, the markets remained stable, indicating investor confidence amidst inflation concerns.
The gains in technology stocks, particularly from companies like Meta and Tesla, reflect a trend where large tech firms are focusing heavily on AI and data infrastructure.
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