Tech and Gold keep soaring [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Tech stocks continue to lead major US and Japanese indices toward fresh ATHs and Elon Musk's xAI securing a significant $20 billion funding round, and buying ABB's robotics division. Companies like Dell are also revising growth forecasts upward, attributing this optimism to the unexpected strength of the AI market, meanwhile JPMorgan's CEO, Jamie Dimon, echoes this sentiment, highlighting the overwhelming demand for AI technologies and their own massive AI investments where costs are immediately countered by productivity gains.

In commodities, gold surges past $4,000 per ounce, driven by political, geopolitical tensions and a weakened appetite for traditional currencies. Though strongly overbought, gold bulls judge that the bullion could be worth more – much more.

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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