Wall Street hits new highs thanks to AI wave

At the close of trading in New York, the S&P 500 composite index rose 45.65 points (0.61%) to 7,519.12, while the Nasdaq Composite technology index surged 312.21 points (1.19%) to 26,656.18. Conversely, the Dow Jones industrial index fell 118.02 points (0.23%) to 50,461.68.

In Europe, major exchanges saw mixed results. The CAC 40 index in Paris (France) fell 1.0% to 8,173.11 points and the DAX index in Frankfurt (Germany) declined 0.8% to 25,184.89 points. Meanwhile, the FTSE 100 index in London (UK) edged up 0.2% to 10,491.39 points as traders returned after the long holiday.

The main drivers of the market in this session were semiconductor stocks benefiting from AI demand. For example, Micron shares surged 19%, pushing the company's market capitalization above $1 trillion for the first time after UBS raised its price target for the stock from $535 to $1,625. Qualcomm shares also rose nearly 4.5% following news of an agreement to supply chips to ByteDance (the parent company of TikTok).

Confidence in the AI wave is also driving investors to focus on the initial public offerings (IPOs) of the largest private AI companies, including SpaceX.

Furthermore, market sentiment was also reassured after US Secretary of State Marco Rubio indicated that an agreement with Tehran to suspend the conflict could be reached in the coming days. At the same time, Iran's Tasnim news agency reported that Tehran was seeking to release $24 billion in assets frozen abroad.

The Nikkei 225 stock index set a new record high.

On the morning of May 27th, Japan's Nikkei 225 stock index briefly rose by more than 2%, setting a record high above 66,000 points, with major technology stocks seeing the strongest gains, following the upward trend in the US stock market the previous night.

In the first 15 minutes of trading, the Nikkei 225 index rose 1,160.35 points, or 1.79%, from the previous session, to 66,156.44 points.

Meanwhile, on May 26th, Japanese stocks fell in line with the regional trend, after new US military actions against Iran diminished the chances of reaching an agreement to reopen the Strait of Hormuz. At the close of trading, the Nikkei 225 index fell 0.3%, to 64,996.09 points.

Source: https://vtv.vn/pho-wall-lap-dinh-moi-nho-song-ai-100260527093832531.htm