STOCKS | Strategists Say Broadening Rally Has Offset Cooling AI Momentum

Strategists said the stock market has remained resilient even as oil rose roughly 30% and the 10-year Treasury yield climbed about 40 basis points in a month. According to NS3.AI, a broadening rally has helped offset cooling AI momentum, while uncertainty remains around AI spending, Federal Reserve policy, and geopolitical conflicts. Goldman Sachs strategist Ben Snider said AI investment drove nearly half of this year's S&P 500 earnings growth. He added that he expects that support to fade in 2027.