3 Momentum Anomaly Stocks to Buy as Markets Gain From AI Rally
EMEEMCOR(EME) ZACKS·2024-06-07 21:25

Over the past couple of trading days, the broader U.S. equity markets have been trading in the vicinity of record territories buoyed by rate cut optimism and a tech-infused rally led by AI-chip manufacturer Nvidia. Led by the launch of new AI chips, bullish sentiment on Nvidia, which boasts a market cap of more than $3 trillion, has fast-tracked its growth trajectory. With investors betting big on the AI boom on solid demand trends, the markets witnessed a steady uptrend into record-high territories. The up ...