EV stocks join AI hype in leading the market rally

The S&P 500 entered a new bull market last week. But the gains during this year’s run higher have been led by the tech-heavy Nasdaq and investor hyper for artificial intelligence plays. And now, electric vehicle stocks have joined the AI-led mania as the market continues its rally as we near the end of the month, the quarter, and the first half of the year. Tesla (TSLA), which has seen its market cap move back over $800 billion, has seen its stock more than double this year and gain over 10% in just the last four days. Through Tuesday’s close…