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Bloomberg

S&P 500 Poised for Another Record as AI Spending Narrative Holds

Wednesday, August 5, 2026


Futures rose on Wednesday following earnings reports from multiple companies. SpaceX reported artificial intelligence spending that exceeded analyst expectations, and Nvidia's stock price increased after Elon Musk announced computing plans during the earnings period.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-05/s-p-500-poised-for-another-record-as-ai-spending-narrative-holds

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