AI Momentum Propels Tech Stocks and Broad Market Gains
The stock market saw a strong resurgence in AI-related equities, driving major indexes higher. Google's parent company, Alphabet, experienced significant gains following the successful debut of its new AI model, Gemini 3. Semiconductor firms like Broadcom also benefited from this renewed interest in artificial intelligence. Tesla, led by Elon Musk, emphasized its advancements in AI chip technology, further contributing to the positive market sentiment. These developments occurred amidst rising investor expectations for a potential Federal Reserve interest rate reduction in December.