Title: "Macron Faces Sharpest Critique Yet from Former Protégé Gabriel Attal"

Thank you for your request! Based on your instruction, I will generate an original blog article related to US stock news. --- **AI Stocks Soar as Tech Giants Lead Wall Street’s Summer Rally** The US stock market has kicked off the summer with an impressive rally, driven largely by explosive growth in artificial intelligence (AI) and technology companies. As the S&P 500 and Nasdaq hit new record highs this June, investors are wondering if this momentum can continue—and which stocks may lead the way. ### Tech Titans at the Helm The standout performers of 2024 so far have been familiar names. Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOGL) have all posted double-digit gains year-to-date, riding the wave of AI innovation that has transformed expectations for tech sector earnings. Nvidia, in particular, has become a Wall Street darling after topping $3 trillion in market capitalization, briefly overtaking Apple to become the world’s second most valuable publicly traded company. The chipmaker's cutting-edge GPUs are the backbone of the generative AI revolution, and its revenue growth has impressed even the most bullish analysts. Microsoft and Alphabet are reaping the rewards of aggressive AI investments. Microsoft’s partnership with OpenAI has paid off, integrating ChatGPT-like features across its Office suite and cloud platform Azure. Alphabet, Google’s parent company, is also embedding AI into its products, recently unveiling improvements to its Gemini language model and making moves in the AI infrastructure space. ### Financials and Fundamentals The surge in tech stocks is not just about hype. Strong quarterly earnings reports have backed up the rally, with companies like Nvidia posting year-over-year revenue increases above 250%. Microsoft and Alphabet, while growing at a more measured pace, continue to deliver robust profits, supporting their lofty valuations. Still, some analysts caution that valuations are running hot. Nvidia is trading at over 40 times forward earnings, a premium historically reserved for hyper-growth companies. But for now, the enormous demand for AI infrastructure appears to justify investors’ optimism. ### Eyes on the Federal Reserve While tech leads the rally, investors are also watching the Federal Reserve. The central bank’s hints at potential rate cuts later this year have helped ease concerns about borrowing costs and boosted stocks broadly. If inflation continues to moderate—a key Fed condition for lower rates—market sentiment could remain positive through the rest of the year. ### What’s Next? The broader S&P 500 is still participating in the rally, but the gains are heavily concentrated in a handful of mega-cap tech names. Investors looking for diversification may turn their attention to undervalued sectors like industrials, energy, or healthcare, especially as earnings season kicks off later this month. For now, the story of US stocks in 2024 remains centered on AI, technology, and the outsized influence of a few companies that are reshaping not only the market, but the future of business itself. --- *Stay tuned for more US stock news and analysis as earnings season unfolds and the market continues its dynamic run.*