The first half of 2024 is in the books, and the bulls are still very much in control on Wall Street. The mature stock-driven Dow Jones Industrial Average, benchmark S 500, and growth stock-fueled Nasdaq Composite all powered to fresh record-closing highs.

While a number of catalysts are responsible for Wall Street's gains, much of the credit goes to what's arguably the hottest trend since the advent of the internet in the mid-1990s. I'm talking about the rise of artificial intelligence (AI).

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Source Fool.com