Why Nvidia, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied Wednesday Morning

Incremental improvements in the state of the economy ignited a broad-based market rally.One of the biggest catalysts propelling the market rally since early last year is the proliferation of artificial intelligence (AI). On the other hand, the uncertain state of the economy and stubborn inflation have acted as counterweights, helping to limit investor exuberance.The Federal Reserve Bank has remained steadfast in its resolve, refusing to lower interest rates until inflation is under control. As a result, int ...