Global markets start the week strong on fresh AI momentum [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Global markets kicked off the week on a positive note, driven by fresh AI momentum. Nvidia rallied after announcing chip sales to South Korean firms, while Amazon hit a record high on a $38bn OpenAI deal. Tech gains extended despite rising concerns over the circularity of AI partnerships. European carmakers advanced as China eased Nexperia chip export curbs, while weak US ISM data capped broader gains across the S&P500. Yields and the dollar rose as Fed rate-cut hopes faded. Analysts still see year-end strength, though high valuations, soft data and mounting investor concerns about massive AI spending hint at growing fragility beneath the AI buzz.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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