Global stock markets rise as investors continue to bet on AI
Summary
Global stocks rose as investors bought technology shares and awaited earnings reports from major companies investing in artificial intelligence. Asian markets also advanced, led by South Korea’s KOSPI, while oil prices climbed amid continuing conflict in the Middle East.Key Facts
- On Tuesday, the Nasdaq Composite rose 1.18 percent, the S&P 500 gained 0.6 percent, and the Dow Jones Industrial Average edged up 0.03 percent.
- Tesla shares rose 4.04 percent; Amazon, Apple, and Alphabet also gained, while Meta and Microsoft fell.
- Nvidia rose almost 1 percent after announcing a $3 billion investment in Meta’s equity offering.
- On Wednesday, the KOSPI rose 5.84 percent, the Nikkei 225 gained 1.26 percent, and Taiwan’s TAIEX rose 1.32 percent.
- SK Hynix reported third-quarter operating profit of 83.33 trillion won, up about 630 percent from a year earlier, and its shares rose more than 8 percent.
- Microsoft and Alphabet were due to report results Wednesday, followed by Amazon on Thursday and Apple on Monday.
- Anthropic reported a net loss of $80.7 billion on revenue of $16.3 billion in the first half of 2026 in paperwork filed ahead of a planned public offering.
- Brent crude futures stood at about $115 a barrel, up 59 percent from before the US-Israel war on Iran began.
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