The fall in oil prices pushed US stocks to record highs, and Wall Street was also boosted by renewed enthusiasm for artificial intelligence trading. The AI boom has always been an important driving force in this bull market. At 9:33 New York time, the S&P 500 and Nasdaq 100 rose 0.5%, and the Dow rose 0.4%. The rise in US stocks continued until the fourth consecutive trading day, and the S&P 500 index hit a record high for the first time in two months. Nvidia's market capitalization is approaching $6 trillion. AMD CEO Su Zifeng anticipates that demand for chips will be “very high” in the next few years. Brent crude oil fell to $98 per barrel, easing market concerns about inflation and driving a slight decline in US Treasury yields. Despite rising risks posed by energy costs and interest rates, the performance of US stocks was surprisingly strong, and market fluctuations remained low. Ulrike Hoffmann-Burchardi of UBS's Chief Investment Office said that the US economy still supports corporate revenue and profits. She said, “We are still highly optimistic about the growth prospects of AI, and believe that AI-related investments are still a strong driving force for the overall stock market. The favorable growth environment and steady corporate profits indicate that profit growth is expected to expand from the technology industry to more sectors.” Kevin Brocks, director of 22V Research, said, “As long as the additional information we obtain about the return on AI investment from corporate earnings reports and Anthropic's IPO filings remains positive in the next few weeks, the risk faced by stock indexes is minimal. Recent macroeconomic data shows that the risk of the economy falling into recession is very low, and there is little risk that the Federal Reserve will further tighten financial conditions from current levels.”
Zhitongcaijing · 2d ago
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The fall in oil prices pushed US stocks to record highs, and Wall Street was also boosted by renewed enthusiasm for artificial intelligence trading. The AI boom has always been an important driving force in this bull market. At 9:33 New York time, the S&P 500 and Nasdaq 100 rose 0.5%, and the Dow rose 0.4%. The rise in US stocks continued until the fourth consecutive trading day, and the S&P 500 index hit a record high for the first time in two months. Nvidia's market capitalization is approaching $6 trillion. AMD CEO Su Zifeng anticipates that demand for chips will be “very high” in the next few years. Brent crude oil fell to $98 per barrel, easing market concerns about inflation and driving a slight decline in US Treasury yields. Despite rising risks posed by energy costs and interest rates, the performance of US stocks was surprisingly strong, and market fluctuations remained low. Ulrike Hoffmann-Burchardi of UBS's Chief Investment Office said that the US economy still supports corporate revenue and profits. She said, “We are still highly optimistic about the growth prospects of AI, and believe that AI-related investments are still a strong driving force for the overall stock market. The favorable growth environment and steady corporate profits indicate that profit growth is expected to expand from the technology industry to more sectors.” Kevin Brocks, director of 22V Research, said, “As long as the additional information we obtain about the return on AI investment from corporate earnings reports and Anthropic's IPO filings remains positive in the next few weeks, the risk faced by stock indexes is minimal. Recent macroeconomic data shows that the risk of the economy falling into recession is very low, and there is little risk that the Federal Reserve will further tighten financial conditions from current levels.”
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