U.S. stock markets hit fresh record highs driven by a surge in semiconductor and AI infrastructure stocks. The S&P 500 rose 0.2% to 7,614, the Dow gained 0.2% to 51,155, and the Nasdaq 100 led with a 0.4% increase to 30,649, fueled by chipmakers. Marvell Technology surged nearly 30% after Nvidia's CEO praised it as a future trillion-dollar company and announced a $2 billion investment. Hewlett Packard Enterprise also jumped nearly 30% following strong quarterly results and raised earnings guidance, highlighting robust demand for AI systems. Meanwhile, software stocks pulled back after recent gains, showing a sector rotation toward hardware and networking components critical for AI data centers.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
