Instead, the economy remained stable, boosting their investment prospects just in time for increased investor focus around artificial intelligence. the recession that wasn'tSince March 2022, the central bank has raised its benchmark interest rate to its highest level in 22 consecutive years. According to the theory, higher rates reduce inflation because they force consumers and businesses to cut back spending. Additionally, tech companies “built aggressively in 2021 and 2022, and the demand they thought they were building for was not met,” said Mark Mahaney, senior managing director at Evercore ISI. “Regardless of whether your company is benefiting from AI, the market has a favorable response.

Source: Washington Post December 29, 2023 17:45 UTC