Closing Bell: AI Hope or Hype? 5/18/23

Published: May 18, 2023, 8:05 p.m.

Apple, Alphabet and Microsoft all getting in on the AI battle. But is all of this AI hope leading to way too much AI hype? Stephanie Link of Hightower, Joe Terranova of Virtus and Big Technology\u2019s Alex Kantrowitz give their expert takes. Plus, Sofi\u2019s Liz Young reacts to St. Louis Fed President James Bullard\u2019s comments on inflation and future rate hikes. And, Netflix shares surged in today\u2019s session despite worries surrounding the writer\u2019s strike. We dig in on what\u2019s sending that name higher and what it could mean for the rest of the streamers.