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The chip rally is tightening tech’s grip on Wall Street
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NEWSDECK ANALYSIS
The surge in semiconductor stocks is part of a broader trend driven by increased investment in artificial intelligence, which relies heavily on high-performance chips to process complex data. This has led to a significant rise in demand for semiconductors, with tech companies at the forefront of this growth. As a result, the technology sector's influence on the US stock market, particularly Wall Street, is becoming increasingly pronounced.
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FT UK
The chip rally is tightening tech’s grip on Wall Street
AI spending frenzy has powered a semiconductor surge
2 Jul, 17:19
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