Dow Reclaims 50,000 as Palo Alto and CrowdStrike Hit Record Highs on AI Boost
Updated
Updated · CNBC · May 14
Dow Reclaims 50,000 as Palo Alto and CrowdStrike Hit Record Highs on AI Boost
9 articles · Updated · CNBC · May 14
The Dow climbed back above 50,000 on Thursday as all three major U.S. indexes rallied, extending gains after upbeat U.S.-China meeting signals and Cisco's blowout earnings.
Palo Alto Networks and CrowdStrike touched fresh all-time highs after Palo Alto said advanced AI models helped it detect and fix product vulnerabilities, reinforcing the case for cybersecurity shares.
Semiconductor trading was mixed: Nvidia and Broadcom rose, while Micron and Qualcomm fell, with Jim Cramer saying Cerebras' debut was drawing money away from parts of the AI chip group.
TJX has fallen about 10% from its April high, but Cramer said the pullback could be a buying opportunity before next week's earnings if higher gas prices and inflation push shoppers toward value retailers.
With trillions invested in AI, are we witnessing a tech revolution or the next great financial bubble?
As AI disrupts jobs and markets, are retirement accounts funding the next systemic financial risk?
Why is the stock market hitting records while consumer confidence plummets to an all-time low?