AI investment boom lifts tech stocks higher today

U.S. markets moved higher Friday as investors focused on strong technology momentum and a growing artificial intelligence investment cycle despite ongoing tensions in the Middle East. Markets appear increasingly confident that the conflict involving Iran will avoid worst-case economic and energy supply outcomes, helping support risk appetite. BNN Bloomberg spoke with Yung-Yu Ma, chief investment strategist at PNC Financial Services Group, about why capital spending and business investment have become the key drivers of the current market cycle, why consumer-facing sectors could face mounting pressure from higher energy costs and how global technology stocks, including in China, remain attractive. Key…