Inflation moderated as Intel and Nvidia fueled the AI trade in last week's market - CNBC

“The US stock market experienced a boost last week, driven by Intel and Nvidia's AI trade. Sandisk's flash memory maker's bullish outlook also contributed to the surge. This trend has significant implications for the US tech industry and consumers. Expert Analysis: The AI trade's momentum is likely to continue, with potential long-term benefits for the US economy, including increased innovation and job creation. However, this growth may also exacerbate existing income inequality and digital divide issues. As the US tech industry continues to evolve, it's essential to address these concerns and ensure that the benefits of technological advancements are shared equitably.”