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AI Boom Drives Earnings Growth

Bloomberg Tech · May 7, 2026, 2:59 PM · Also reported by 4 other sources

Bernstein Private Wealth CIO Alex Chaloff says the market’s explosive earnings growth is being fueled by trillion-dollar AI spending from hyperscalers. But while AI may drive productivity and IPO demand, he warns the labor market could be the weak spot as companies increasingly ask what jobs AI can

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AI Boom Drives Earnings Growth

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