Chip stocks – One America News Network

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

As US chip darlings struggle, some bet on software as next big AI play

Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo

S&P 500, Nasdaq notch record highs with inflation data, earnings in focus

The Nasdaq and the S&P 500 hit record highs on Monday, while the Dow scaled a more than one-month high as investors awaited a key inflation report.

In this photo provided by the New York Stock Exchange, a trio of specialists work at a post on the floor, Monday, June 13, 2022. (Courtney Crow/New York Stock Exchange via AP)

Wall St slides as rate worries push bond yields higher

Wall Street indexes retreated as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher and pressured stocks.