S&P 500 Rally Gets a Costly Layer of Risk in Rise of Chipmakers bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The artificial intelligence furor gripping the stock market has the shares of chipmakers like Nvidia Corp. soaring, making them increasingly crucial to the broader S&P 500 Index rally. But the stocks are no longer cheap, adding a new level risk to further gains in the broad equities benchmark.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud