Chip Rally Powers Stock Gains on US Election Day

A revival of the artificial-intelligence trade sent stocks higher as US voting got underway in the midterm elections. A closely watched gauge of chipmakers climbed 3.5% after a recent selloff fueled by worries the AI spending spree is becoming harder to justify. Joe Quinlan, Chief Market Strategist at Bank of America, discusses the CapEx boom and what questions investors should be asking themselves. (Source: Bloomberg)