It turns out there is still more room on the AI hype train.
US equities were mixed earlier but a hint of a softening of the US economy (ie rate cuts) and it was right back to the races. The S&P 500 is up 32 points to a record 5128 and the Nasdaq Composite just broke the 2021 high.
![Nasdaq daily d](https://images.forexlive.com/images/Nasdaq%20daily%20d_id_a025900a-43c8-4f09-b499-e9fe1b728e79_original.jpg)
These are some lofty numbers and lofty moves.
it's no surprise to see chipmakers at the top of the list today with Broadcom, WD, Micron and AMD inthe top-8 gainers in the S&P 500. NVDA has also added another 3.3%
The move hasn't happened without some concerns as Apple shares are down 1% and Wynn Resorts are down 4%. That points to consumer weakness.
I would argue that the turn of the month may be responsible for some of the buying as new money goes to work in what's traditionally the strong March-April seasonal period.