Artificial Intelligence Sends Stocks Soaring: S&P 500 Surges With AMD and Alphabet!

Economic Excitement: Tech Stocks Surge Higher!

Tech stocks are all the rage right now and the stock market is loving it! The S&P 500 jumped 0.8%, breaking a three day losing streak, thanks to some seriously good news from companies making big moves in the artificial intelligence (AI) sector.

Alphabet, the parent company of Google, unveiled a brand new AI product called Gemini that sent its stock soaring up 5.3%. And Advanced Micro Devices (AMD) introduced an AI chip that’s got people talking – and jumping to buy, with the stock surging up almost 10%.

But not everyone had a stellar day. Edwards Lifesciences said it’s spinning off its critical care division, to focus more on its heart devices, and their stock took a bit of a tumble, down 1.8%.

Also, keep your eyes peeled for a big splash from Walgreens Boots Alliance, who announced they’re expanding their COVID-19 and flu testing and treatment offerings. Their stock surged 7.2%.

And video game fans, brace yourselves! Rumors are swirling about a potential delay in the release of “Grand Theft Auto VI”, causing Take-Two Interactive Software stock to slide down 2.0%.

Finally, sports fans and lovers of Tiger Woods, Nike share lost 1.1%, sparking speculation about the future of their partnership. Could this be the end?

So, what do you think about the future of the tech sector? And are you excited about these new AI products shaking up the market? Comment below and let us know your thoughts!

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