Recently, all three of Wall Street's major stock indexes climbed to fresh record-closing highs. The primary catalyst fueling these gains is investor optimism tied to game-changing technological advances, such as the evolution of artificial intelligence (AI).
Earlier this week, Wall Street celebrated the three-year anniversary of the start of the current bull market for the benchmark S&P 500. While the evolution of artificial intelligence (AI) has played a key role in sending the broader market to new heights, AI isn't the only game-changing trend fueling investor optimism at the moment.
The technology sector continues to show strength, driven by accelerating AI adoption, capital inflows, and renewed investor confidence. Several stocks are emerging with bullish chart patterns and active catalysts, pointing to the potential for triple-digit gains in the near term.
JPMorgan Chase ( NYSE:JPM ) CEO Jamie Dimon ignited fresh momentum in quantum computing with the launch on Monday of the bank's Security & Resiliency Initiative.
Over the last three decades, investors have pretty consistently had a game-changing innovation or next-big-thing trend to pique their interest. Examples include the advent of the internet, genome decoding, nanotechnology, 3D printing, blockchain technology, the metaverse, and most recently the rise of artificial intelligence (AI).
With shares up 2,500% over the last 12 months, Quantum Computing (QUBT 1.42%) is sure to attract the attention of growth-focused investors. The stock is surging based on industrywide optimism.
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