April Was Strongest Month for S&P 500 Since 2020 Driven by AI Investments
The S&P 500 rose approximately 10.5% in April, marking its best month since 2020 and reaching a new all-time high despite global uncertainties. The surge was primarily driven by massive investments in artificial intelligence (AI), with hyperscalers planning over $670 billion in AI-related capital expenditures this year.
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Topics: AI investment earnings hyperscalers market growth S&P 500