News > AI-related news abounds with producer prices and the Fed on tap

AI-related news abounds with producer prices and the Fed on tap

Several companies, including Advanced Micro Devices and Accenture, are making AI-related headlines, which could impact stocks in that sector. Investors are awaiting the May Producer Price Index (PPI) report to confirm trends in the May Consumer Price Index. The report is expected to show a decline in PPI. This report will be the last data point before the Federal Reserve concludes its June monetary policy meeting.