Technology companies in the U.S. are seeing a big jump in their stock prices, as excitement around Artificial Intelligence (AI) keeps growing. The Nasdaq and S&P 500, two major stock market indexes, just hit new all-time highs. One of the biggest drivers is Nvidia, the chip-making company behind many AI systems. Its stock rose nearly 1% recently, and experts from Citi believe it could go as high as $190 soon (according to Barron’s, MarketWatch). A popular tech-focused investment fund, XLK, is also close to breaking its own record (Source: Nasdaq).
Other companies are doing great too—like IBM, which is up 33% this year, and cybersecurity firm CrowdStrike, up by 45% (according to: MarketWatch on IBM, Barron’s on CrowdStrike). Experts say this boost is mostly because of growing confidence in AI and tech’s role in the future. However, they also warn that upcoming news on U.S. tariffs and jobs could affect the market soon (WSJ, Reuters). For now, though, tech is leading the charge, and the rally doesn't seem to be slowing down.
Photo credit: Unsplash.