So many signs point to investors forgetting the basic principles of investing to chase hot AI stocks.
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It’s tempting to think that the scorching rally that sent stocks to all-time highs this past week was based entirely on hype about artificial intelligence. The rally may have been sparked by Nvidia blowout earnings on Wednesday, but it spread well beyond the AI behemoth. Costco Wholesale which sells more corn chips than microchips, is at a record too.