US Stocks Soar Towards Record Highs Driven by AI Optimism & Rate Cut Hopes

• US stock market continues its bull run, nearing record highs, fueled by investor optimism in artificial intelligence and anticipated Federal Reserve rate cuts.
• S&P 500 and Nasdaq 100 Index climbed, with European and Asian markets also showing strong performance.
• AI-linked shares, including Amazon, Micron, and Broadcom, are key drivers, with Nvidia CFO reporting brighter revenue forecasts.
• Weaker US Services PMI bolstered hopes for rate cuts, while $7.6 trillion in money-market balances supports continued growth.
• Experts like UBS Global Wealth Management predict further gains, with S&P 500 potentially climbing 20% this year, though some investors are diversifying.

Why It Matters: US stocks are surging towards new records, propelled by AI enthusiasm and expectations of easier monetary policy.