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Could Stubborn Inflation Cause the Generative AI Bubble to Finally Burst on Wall Street?

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Although US markets have become accustomed to high inflation data, there had been optimism that 2024 would see multiple Federal Reserve rate cuts taking place.

Inflation has brought a level of uncertainty to Wall Street in 2024 despite a record-breaking Q1 performance for the S&P 500.

With much of the growth driving US markets down to the ongoing generative AI boom , could the threat of confounding consumer price index data cause the GenAI bubble to burst? ongoing generative AI boom The first quarter saw the S&P 500 cross the 5,000 barrier for the first time as a watershed moment in a sustained rally that coincided with the launch of OpenAI’s ChatGPT generative AI large-language model .

 

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