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via finance.yahoo.comMarkets

Chip rally lifts stocks on U.S. Election Day

FROM THE WIRE · FINANCE.YAHOO.COM

A revival of the artificial-intelligence trade sent stocks higher as US voting got underway in the midterm elections.A closely watched gauge of chipmakers climbed 3.5% after a recent selloff fueled by worries the AI spending spree is becoming harder to justify.Joe Quinlan, Chief…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA revival of the AI and chip trade can support the broader U.S. equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01A closely watched chip index rose 3.5% after a recent selloff.
  2. 02Worries persist about whether AI spending is sustainable.
  3. 03U.S. midterm voting has begun.

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