Wall Street rises as easing yields in the bond market loosen the pressure

📆 23/08/2023 01:23 p. m.
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Wall Street is rising ahead of a profit report that could show whether the frenzy this year around artificial intelligence technology is deserved or overdone.

July 13, 2023

The announcement set off a rush across Wall Street. Stocks of AI-related companies soared, and investors tried to count how many times a chief executive could mention “AI” in an earnings call. Nvidia’s stock has more than tripled this year so far, and it will need to meet the much higher expectations around it to justify its big move.

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