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MARKETS LIVE BLOG:

S&P 500 UP FOR 4TH DAY; DISNEY SINKS 9% AFTER EARNINGS

Fed's Kashkari: Interest rates will stay high for 'extended period', can't rule out a hike

Why Meta Platforms, C3.ai, Upstart, and Other AI Stocks Surged Monday

Danny Vena, The Motley Fool
·4 min read
Why Meta Platforms, C3.ai, Upstart, and Other AI Stocks Surged Monday

Market participants are hopeful for an agreement in the current debt ceiling negotiations, and an end to the stalemate in Washington, D.C., could further boost stocks. Another area of intense focus is recent advancements in artificial intelligence (AI) and how investors can best benefit from this rapidly emerging technology. One of Wall Street's biggest investment banks released estimates regarding the ongoing impact of AI, and the sheer magnitude of the numbers had investors beating the bushes for buys in the sector.

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