Investor concerns around the AI boom, coupled with the market's sensitivity to the Fed's next policy move, have caused Wall Street to seesaw in recent weeks.
It's been a topsy-turvy stock market since the Club's August Monthly Meeting. The S & P 500 jumped 1.8% over the period, while the Dow Jones Industrial Average and Nasdaq Composite advanced 2.1% and 0.9%, respectively. But it hasn't been a one-way climb for the stock market.
Days later, Goldman Sachs also named the stock its top internet pick while reiterating a buy rating on shares. In the Aug. 29 note, Goldman analysts said that even if consumers trade down on their shopping choices amid economic uncertainty, the company is still well-positioned to capitalize on the shift in spending.
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