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SpaceX’s blockbuster earnings report helped lift technology stocks, easing concerns about whether the global spending spree on artificial intelligence can prove sustainable, Bloomberg says.
Why it mattersAaron Kennon, co-founder and chief executive of Clear Harbor Asset Management, discussed the markets and the AI trade in Bloomberg’s video report. The rally reflects renewed investor optimism, not proof that AI investment will ultimately pay off. For now, the market is treating SpaceX’s results as a reason to keep faith.
Discuss: How much should one company’s earnings sway confidence in the wider AI boom?
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