Why Arm Holdings, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied Thursday Morning

Improvements in the state of the economy and the growing potential for interest rate cuts fueled a broad-based market rally.There's little doubt that one of the biggest contributors to the market rally that began early last year is the growing adoption of artificial intelligence (AI). Countering that bullish sentiment, however, are lingering concerns about the ongoing battle with inflation and its impact on the economy.The Federal Reserve Bank has been resolute that it would not begin lowering interest rate ...