U.S. stock markets have rebounded from last week’s devastations. The Wall Street rally, which started in January 2023, saw a significant change in July 2024. The rally was predominantly driven by the technology sector. An unprecedented adoption of generative artificial intelligence (AI) technology globally was the prime factor.Companies that have extensive applications of AI in their final products have become multi-baggers in the past 18 months. Stock prices of some of these companies have skyrocketed 200- ...