Artificial intelligence (AI) is boosting the US stock market, with megacap stocks such as Microsoft, Google parent Alphabet, Nvidia, Apple and Meta platforms responsible for the majority of the S&P 500’s 9% year-to-date return. About 25% to 50% of the gains are due to optimism around AI, according to DataTrek Research. Societe Generale has predicted removing the top 20 stocks linked with AI from the S&P 500 would reduce the index’s performance by 10%. Analysts view AI as a major driver of future productivity and profit, citing generative AI as producing margin-expanding productivity gains.
Zomato shares crack 11% after Q3 PAT falls 57% YoY. Should you buy, sell or hold?
Why Zomato Share is Falling Today: Zomato share price dropped by 11.43% after reporting a 57% decline in Q3 net profit to Rs 59 crore.
January 21, 2025