Monday marks the fourth anniversary of the current bull market, with the S&P 500 having climbed nearly 120% since its closing low on Oct. 12, 2022 — an extraordinary run that reflects Wall Street's faith in the transformative power of artificial intelligence. Since the release of ChatGPT in late 2022 , investors have hungered for all things related to the AI trade, with the stocks most tied to the build-out — the so-called "picks and shovels" — flying to whole new stratospheres because of the technology. Nvidia , the poster child for the revolution that was formerly best known for the graphics cards it built for high-end video games, is now a roughly $5.5 trillion company; it passed the $1 trillion market cap for the first time in 2023.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.