Wall Street Rally Boosts Everything From Microsoft to Small Caps
- AI buzz propels Nasdaq 100 to one of its best years on record
- Goldilocks outcome bets are helping laggard stocks catch up
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It was supposed to be another year of pain for investors in US stocks. It’s been quite the opposite.
The Nasdaq 100 Index is up almost 50%. Microsoft Corp. is approaching a record $3 trillion in market value, a size second only to Apple Inc.. Nvidia Corp. has surged 245%, thanks to the artificial intelligence frenzy that’s boosting technology firms far and wide. And at long last, even small caps are on a tear.