Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to watch in today's stock market.
Microsoft stock has gained 5% in 2024 but the IGV software index is down 3%, after falling 7% in April. The bellwether index soared 59% last year amid AI hype.