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

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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