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S&P 500 Hits 7,500 as AI Boom Momentum Builds Despite Geopolitical Uncertainty
The S&P 500 reached 7,500, driven by continued AI spending momentum across hyperscalers and enterprise. The index has confounded analysts expecting a correction, with AI infrastructure demand (Cisco's $9B target, NVIDIA supply constraints, Microsoft/Google capex) providing fundamental support. The milestone comes amid earnings beats from AI-exposed companies like Figma and Cisco despite 127,000+ tech layoffs tracked by Crunchbase in 2025-2026.
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