Description

▸ Global stocks hit record highs as traders back Wall Street’s AI-driven rally

▸ US gov­ern­ment bonds and the dol­lar both attract investor demand

▸ Paris equit­ies and French debt recover some losses from earlier in the week

Global stocks were trad­ing at record highs yes­ter­day, rebound­ing from a brief dip earlier in the week as investors con­tin­ued to bet on Wall Street’s AI-driven rally.

US stocks slipped on Tues­day after reports that tech giant Oracle was facing hurdles con­cern­ing its plans to buy and rent bil­lions of Nvidia chips. The news unsettled investors, rais­ing fears of an AI stock mar­ket bubble.

But con­fid­ence returned to the mar­ket yes­ter­day with Wall Street’s two main indices trad­ing at record highs. The blue­chip S&P 500 rose 0.5 per cent and the tech-heavy Nas­daq Com­pos­ite was up 0.9 per cent by early after­noon in New York.