Core Insights - Trump's tariff policies did not lead to the anticipated price increases, indicating a more resilient market response than expected [1] - The growth in the technology sector has been significantly driven by an AI arms race, benefiting the largest tech companies [1] Group 1: Tariff Policies - The impact of Trump's tariff policies on prices was less severe than feared, suggesting that the market has adapted effectively [1] - This resilience may indicate a shift in how companies manage costs and pricing strategies in response to tariffs [1] Group 2: Technology Sector Growth - The AI arms race has been a major catalyst for growth within the technology sector, leading to increased revenues for leading tech firms [1] - The competitive landscape in technology is intensifying as companies invest heavily in AI capabilities to gain market advantage [1]
U.S. Stocks Defy ‘Sell America' Warnings and Is Ending 2025 Near Record High
WSJ·2025-12-30 21:54