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Artificial intelligence is rapidly becoming the world’s next great infrastructure project, part semiconductor cycle, part energy transition, part national-security exercise. PwC now estimates cumulative AI-infrastructure investment could reach $31.6 trillion by 2050, creating a long-duration opportunity set that stretches well beyond the familiar…
U.S. stocks finished broadly higher on Wednesday, August 19, as a pullback in long-dated Treasury yields improved risk appetite, a pause in proposed Canadian tariffs reduced a near-term trade overhang, and a landmark oncology update sparked an extraordinary biotech rally. The S&P…