investors are still weighing the long-term impact of AI on business models and corporate competition, and whether AI investments will pay off."
While the AI investment boom is expected to continue," Wells Fargo economists Shannon Grein and Tim Quinlan write, "recent data suggest early signs of a broader pickup, with traditional capex stabilizing and non‑high‑tech output improving."
Meanwhile, company-level fundamentals are solid, too, especi. the (blended) revenue growth rate for the S&P 500 for Q4 is 9.0%.
That would be the fastest rate since the third quarter of 2022 if it holds. And 10 of the 11 stock market sectors are reporting year-over-year revenue growth, with tech, communication services and health care stocks reporting double-digit growth.
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