Global stocks extended a rally as investors flocked back to the artificial intelligence trade and a clutch of upcoming IPOs kept enthusiasm for the technology sector elevated. MSCI’s Asia Pacific equity index rose 2.5% as tech stocks in the region — seen as the “picks and shovels” of the AI buildout — rallied. South Korea led gains, with the Kospi surging more than 7%. That helped MSCI’s All Country World Index climb for a second day, following gains in Europe and the US. LG Electronics Inc. and Hyundai Mobis Co. both surged at least 15% in Seoul after Nvidia Corp. CEO Jensen Huang highlighted physical AI and robotics as “the second category” poised to become even bigger. Chip heavyweight Samsung Electronics Co. climbed 7% to an intraday record after averting a strike. Nvidia itself didn’t benefit from the mood as its shares fell 1.3% in extended trading, as traders were unimpressed even after results beat estimates. Share sale news also kept the market interested in tech. SoftBank Group Corp. shares surged 20% in Tokyo after a plan surfaced that OpenAI was preparing to file for an initial public offering. SpaceX also filed for an IPO. Asian equities are rebounding from recent losses that were driven by rising global bond yields and concerns that the AI-fueled equity rally had stretched valuations too far. Investors have also been grappling with inflation risks from elevated oil prices, scaling back bets on central bank interest-rate cuts and reviving speculation that borrowing costs may rise further. Wall Street gauges rose Wednesday on expectations for a peace deal in Iran. Even so, a sense of caution remained in markets, with US equity-index futures falling 0.2% Thursday. Crude oil edged back up to near $106 a barrel after sliding 5.6% on Wednesday. President Donald Trump said the US was in the “final stages” with the Islamic Republic, raising expectations for a near-term restart of energy flows through the critical Strait of Hormuz. That sent oil lower on Wednesday and eased inflation concerns, helping bonds rebound from their recent selloff. Traders have trimmed their bets on the Federal Reserve raising interest rates by year-end. They still anticipate the central bank’s next move will be a hike, in contrast to the multiple cuts seen before the US attacked Iran in late February. Iran is reviewing the US’s new draft in response to Tehran’s 14-point proposal and is yet to give an answer, Tasnim reported. President Masoud Pezeshkian posted on X that Iran has “explored every avenue to avert war,” adding that “all paths remain open from our side.” Despite the equity-market gains, it’s worth noting that it was not the first time optimism took hold even without any visible signs of progress in negotiations between the US and Iran. Meanwhile, Nvidia’s latest forecast anticipated sales in the three months through July will be about $91 billion, higher than the average analyst estimates of $87 billion, according to data compiled by Bloomberg.
The world’s most valuable company also dialed up its shareholder rewards, increasing its quarterly dividend to 25 cents a share from a penny. And the chipmaker announced $80 billion in stock repurchases. US Affter Hours Aevex (AEVEX) +12% on Earnings, Intuit (INTU) -14% on earnings Nvidia (NVDA) -1% on earnings.
Nikkei +3.52% Hang Seng -O.02% CSI +0.58% Shanghai +0.00% Shenzen +0.34%
Eur$ 1.1620 CNH 6.8033 CNY 6.8017 JPY 158.96 GBP 1.3428 CHF 0.7871 RUB 71.4913 TRY 45.6128 WTI$ 99.09 +0.88% Gold 4,535 +0.4% BTC 77,906 +0.37% ETH 2,142 +0.50%
S&P -0.13% Nasdaq -0.16% EuroStoxx 0.20% FTSE -0.28% Dax -0.27% SMI -0,52%
Macro :
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- France Remains Europe’s Magnet for Foreign Investment , EY Says
- Norway’s Europe-Leading Stock Rally Goes Beyond Oil Heavyweights
Keep an eye on :
Keep an eye on :
- ACKB BB : Ackermans 1Q Net Debt EU571.8M Vs. EU592.8M Q/Q
- AKRBP NO : Aker BP in Asset Deal With Equinor Covering Wisting, Omega Alfa
- AMD US : AMD to Invest $10B in Taiwan to Expand Strategic Partnerships
- Anthropic IPO : Anthropic to Pay SpaceX Nearly $45 Billion for Computing Deal
- ASMDEE SS : Asmodee 4Q Sales Beat Estimates
- ATS AV : AT&S Expands AI Substrate Capacity in China, AT&T to Invest $19 Billion in California Through 2030
- AVB US : Apartment Owners AvalonBay and Equity Residential Near Deal to Combine -- WSJ
- SPR GY : Axel Springer Names Baesler Interim Lead of Business Insider
- BAYN GY : Bayer CropScience Ends Potential Anticompetitive Measures: DOJ
- BETCO SS : Better Collective 1Q Revenue Above Estimates
- BMRN US : BioMarin Voxzogo Meets Primary Endpoint in Phase 3 Trial
- EN FP : Colas Gets €345M Contract for Bradford Bypass in Canada
- BTSB SS : BTS Group Reports 1Q Sales of SEK 602 Million, Compared With FactSet Consensus Estimates of SEK 600.7 Million
- ELIOR FP : Elior FY Adjusted Ebita Margin Forecast Misses Estimates
- NVRI US : Enviri Holders to Get $15/Shr at Closing of Unit Sale to Veolia
- FG SS : Fasadgruppen 1Q Sales Miss Estimates
- DFENS NO : Fjord Defence Group Offering Prices at NOK15.05/Share
- FLU AV : Flughafen Wien 1Q Net Income EU37.2M Vs. EU35.6M Y/y
- G IM : Generali 1Q Operating Profit Beats Estimates
- HTZ US : Coatue's Philippe Laffont Bought This Beaten-Down Stock — Now It's Flashing A Golden Cross
- HUH1V FH : Huhtamaki Registers Shares for Holder Suomen Kulttuurirahasto SR, Huhtamaki Offering by Holder Prices at EU25.25/Share
- IBAB BB : Ion Beam Sees FY Adjusted Ebit at Least EU32M
- ISS DC : ISS Holder Lind Value II ApS Offers ~4.2m Shares: Terms
- METSO FH : Metso Gets Grinding Mill Orders From Emerald for Dingo, Mermot
- NANO FP : Nanobiotix Offers Shares via Jefferies, TD Cowen, Stifel
- NVDA US : Nvidia 2Q Revenue Forecast Beats Estimates: Snapshot
- Open AI IPO : OpenAI is Preparing to File For an IPO Very Soon -- WSJ
- RL US : Ralph Lauren Retail Sales Up on New Customers: Preview
- SAN SM : Santander Hires Sabbadini, Portanet in Investment Bank Push
- SAN SM : Santander Hires Sabbadini, Portanet in Investment Bank Push
- STG DC : Scandinavian Tobacco 1Q Ebit Beats Estimates; FY Outlook Kept
- SBO NO : Selvaag Bolig 1Q Revenue Misses Estimates
- SBO AV : SBO AG 1Q Ebitda EU11.4M
- SON PL : Sonae 1Q Net Income EU47M Vs. EU43M Y/y
- SPCX US : Musk Says SpaceX in Talks to Offer AI Compute to Other Firms
- SPCX US : SpaceX Filing Reveals $4.28 Billion Loss, Musk’s Tight Grip, SpaceX to Reward Musk for Mars Colony With 1 Million People
- SPCX US : Elon Musk’s SpaceX Has More Bitcoin Than Estimated, Filing Shows
- SPCX US : Anthropic to Pay SpaceX $1.25b a Month Through May 2029
- STLAM IM : Jeep’s Meager Growth Imperils Stellantis’ Big US Fix-It Job
- STLAM IM : Stellantis CEO Seeks to Court Investors With Flurry of Deals
- STR AV : Strabag Order Book EU33.06B
- SLHN SW : Swiss Life 1Q Premium Revenue CHF8.2B Vs. CHF7.9B Y/y
- TCM DC : TCM Group 1Q Revenue Beats Estimates
- TEF SM : Tim, Claro, Telefonica Among Interested in Oi Solucoes: Valor
- TSLA US : Tesla Says Supervised Full Self-Driving Available in ChinaSPCX
- TSLA US : Tesla Has Sold $890 Million of EVs and Batteries to SpaceX
- UBI FP : Ubisoft Sees FY Net Bookings Down High Single-Digit Percentage
- VIE FP : Enviri Holders to Get $15/Shr at Closing of Unit Sale to Veolia