The surge in AI spending and the ensuing rapid rise in expected earnings is laying the ground for a stronger labor market...
PremiumAuthored by Simon White Bloomberg macro strategist,The surge in AI spending and the ensuing rapid rise in expected earnings is laying the ground for a stronger labor market. This should be supportive of a more durable rally in stocks once the most speculative fervour has been unwound.
AI boom sparks rally, frenzy and fear
The AI boom in stocks is gaining momentum
AI fever spreads, but are markets masking economic cracks? - The Economic Times
US Stock Market: Jobs data, AI earnings to test Wall Street rally amid inflation risks loom
AI was supposed to be killing jobs. In Spring, the labor market is opening up instead | Fortune
Apollo chief economist says there's ‘zero evidence’ AI is killing jobs—in fact, he says it's creating them | Fortune
ASX set to rise, Wall Street gets AI boost
3 warnings from analysts on the truth lurking beneath the 'barnburner' jobs report — and why America's AI hiring crisis is far from over | Fortune
Conventional wisdom would tell you a booming stock market should create more jobs, not fewer. But it’s hard to ignore that there…
...is the AI investment boom is genuinely broadening this country’s economic footing or weakening the labor force, the foundation…
LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars…
AI spending is powering growth in GDP and profits but experts warn the rest of the U.S. economy may be weakening.
"Typically, headcount growth has been required for revenue growth but AI is changing that relationship," the bank noted drily.
The market just had a month that could hold its own with some of the frothiest moments of the 1990s dot-com boom.
