The stock market is entering an era shaped by the rise of AI agents, with hyperscalers and chipmakers seen as obvious beneficiaries. Investors may want to avoid software and consumer stocks, which could be hurt as AI adoption accelerates. Meta's Muse, a personal AI agent that has risen to dominate the App Store and surpasses ChatGPT as the most-downloaded free app, sparked a major rally in stocks on Monday. Chipmakers were up big, recovering from a week of volatile trading, while the Nasdaq Composite hit a fresh all-time high that extended in Tuesday's session.
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