AI chip demand drives global stocks to record highs
Global indices reached record levels as AI spending projections surged while oil prices fluctuated amid ongoing military tensions between the U.S. and Iran.
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Global chipmakers surged this week as ADVANCED MICRO DEVICES leapt 15% to an all-time high and Samsung Electronics reached a $1 trillion market cap. The rally pushed the KOSPI past 7,000 for the first time despite escalating military tensions in the Middle East. Investors are prioritizing AI infrastructure spending over energy supply shocks as hyperscaler capex projections hit $1.1 trillion.
