New York Attorney General Sues Trump Administration Over Restrictions to Public Service Loan Forgiveness

Certainly! Since you only want articles related to US stock news, here's an original, timely blog post in that category: --- **AI Stocks Surge on Strong Earnings as Market Eyes Tech-Led Growth** The US stock market saw a remarkable outperformance by technology shares this week, as leading companies in the artificial intelligence (AI) space reported robust quarterly results that surpassed Wall Street expectations. The bullish sentiment underscores how AI is driving a new wave of optimism for the broader market. **NVIDIA and Microsoft Steal the Spotlight** NVIDIA (NASDAQ: NVDA) rocketed higher after posting another record-breaking quarter. The semiconductor giant attributed its strength to soaring demand for chips powering generative AI applications, data centers, and cloud services. Revenue surged more than 50% year-over-year, handily beating analyst forecasts. The upbeat outlook prompted several brokerages to raise their price targets, further fueling investor enthusiasm. Microsoft (NASDAQ: MSFT), already a market heavyweight, also impressed with strong growth in its Azure cloud division, which credited significant customer interest in AI-powered offerings developed in collaboration with OpenAI. Executives said the company’s early investments in AI are translating into new enterprise contracts and increased engagement across its product suite. **AI Frenzy Lifts Entire Sector** The rally wasn’t limited to the biggest names: shares of Advanced Micro Devices (NASDAQ: AMD), Palantir Technologies (NYSE: PLTR), and Super Micro Computer (NASDAQ: SMCI) all advanced sharply, as investors bet that AI tailwinds will buoy their growth prospects through 2024 and beyond. ETFs tracking the sector – including the popular Global X Robotics & Artificial Intelligence ETF (NASDAQ: BOTZ) – also posted significant inflows, reflecting broad-based confidence in the theme. **Analysts Predict More Upside** Analysts noted that while some valuations appear stretched, the secular growth opportunity for companies leveraged to AI remains immense. “We are only in the early innings of AI transformation for corporate America,” said Jeffrey Lin, a senior tech analyst at Brookshire Partners. “Cloud, chipmakers, and software providers with credible AI strategies are likely to see durable earnings growth for years to come.” **What’s Next for Tech Investors?** With the Federal Reserve signaling a pause on rate hikes and inflation trending lower, technology and growth stocks remain in favor. However, market participants are watching closely for signs of overheating and potential profit taking after the sharp run-up this quarter. For now, AI remains the stock market’s brightest spot – and as the earnings parade continues, investors are positioning for a further leg higher. --- *Disclosure: The above article is for informational purposes only and does not constitute financial advice. Always consult with a licensed financial advisor before making investment decisions.*