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Evercore Sees Ongoing AI Rally Ahead of Mega IPOs and Tax Selling

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The Story

News Summary

  • Evercore ISI strategists report that the AI bull market has further upside, comparing recent sentiment to the mid-1990s rather than dot-com peaks.
  • However, upcoming AI IPOs combined with seasonal mutual fund tax-loss selling may weigh on underperforming equities as funds reallocate capital.
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TSLA price history

365.44 -12.53% over the displayed period

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