On Travel, Semis & AI’s IQ

While Americans have been traveling a lot and by all modes available, the flight paths of travel industries’ stock indexes so far this year are all over the map. Jackie explores what’s up—and down. … Also: The S&P 500 Semiconductor stock price index has been volatile this year, knocked akilter by the tariff turmoil. Yet analysts’ expectations for company fundamentals have been steady and impressively so, with nearly 40% earnings growth expected this year and 30% next. The caveat is a historically high P/E. … And in our Disruptive Technology segment: The debate over how intelligent artificial intelligence realistically can ever become.