FASTEST MARKET COMEBACK IN YEARS: AI LEADS THE CHARGE The S&P 500 has completed one of the fastest round trips in recent history, moving from a near correction of about 9 percent to a new all time high in just 54 trading days. The rebound from the bottom to a new high took only 11 days, making it the fastest recovery from a drawdown of this size since at least 1990. The rally is being driven by a narrow group of sectors tied to artificial intelligence spending: Semiconductors Media and Internet Hardware These areas are leading the market higher, while software continues to lag behind the broader technology sector. The move reflects a sharp shift back into artificial intelligence themes after the earlier market decline. Investors are focusing on companies that benefit from infrastructure and capital spending linked to AI. Key takeaway: The speed of the recovery shows strong demand for AI related assets, but leadership remains concentrated in a few sectors.(*Walter Bloomberg)