Published on 8 May 2024 on Zacks via Yahoo Finance
Pick These 5 Mid-Cap Technology Stocks to Enrich Your Portfolio
Wall Street witnessed an impressive 15-month-long rally, primarily led by growth stocks, especially, technology stocks, before April’s meltdown. The U.S. stock markets rebounded in early May after a disappointing April, with recently released economic data boosting market participants’ confidence in equities.
The tech rally was led by a massive thrust toward artificial intelligence (AI), especially generative AI. The rapid penetration of digital technologies and the Internet worldwide during the lockdown led to significant adoption of AI.