Roughly two weeks ago, the stock market celebrated the fourth anniversary of the current bull market. Since the end of the 2022 bear market, the benchmark S&P 500 (SNPINDEX:^GSPC) and tech-driven Nasdaq Composite (NASDAQINDEX:^IXIC) have more than doubled, while the iconic Dow Jones Industrial Average (DJINDICES:^DJI) has rallied an impressive 84%. Though several catalysts have fueled this rally, including record S&P 500 share buybacks and better-than-expected corporate earnings, the artificial intelligence (AI) infrastructure build-out takes the cake. The otherworldly amount of capital being spent on the AI data center build-out is boosting short- and long-term growth projections. At the same time, bull markets don't last indefinitely.
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