
AI earnings and analyst upgrades drive tech sector rally

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AI-driven earnings from Dell, Credo, and HPE propelled tech stocks to multi-year highs. Concurrently, William Blair upgraded Cloudflare, Fastenal, and Ethos Technologies to its Conviction List based on AI growth potential. Meanwhile, Cathie Wood’s ARK pivoted capital toward AI hardware, autonomous defense, and health intelligence, reducing exposure to retail trading and fintech sectors.

