The securities market’s mood has been lifted by the boom in chip manufacturers, which is a result of the artificial intelligence boom.
In the United States, the New York stock exchanges closed on the plus side on Friday, and two of Wall Street’s three main indices reached new record highs.
At the end of the day on Thursday, the technology-focused Nasdaq had reached its first record since 2021. At the end of the trading day on Friday, the index was up 1.1 percent and reached another record high.
A new record was also set by the broader S&P 500, which closed up 0.8 percent. Financial news office Bloomberg’s according to the S&P 500, the record was already the 15th this year.
The industrial index Dow Jones, on the other hand, was up 0.2 percent.
Nvidia’s value crossed a huge threshold
The good mood of the securities market has recently been maintained by the good success of technology companies. Chipmakers have benefited from the ongoing artificial intelligence boom.
Particular attention has been paid to Nvidia, which achieved a huge result in its fiscal year that ended in January. At the end of the stock market week, the value of Nvidia’s shares was up four percent.
At the same time, the company’s value exceeded two trillion dollars for the first time. In addition to Nvidia, only the hardware manufacturer Apple, the software giant Microsoft and the oil and energy company Saudi Aramco can be found above the huge threshold.
Dell’s value soared
The latest company to benefit from the artificial intelligence drug is Dell Technologies, which manufactures computers and monitors, and the value of its shares rose sharply on Friday. At the end of the day, Dell’s share value was up by more than 30 percent.
Interest in Dell has most probably been increased by the company’s earnings announcement this week, in which Dell underlined its growing artificial intelligence business.
Chip manufacturers such as Advanced Micro Devices and Micron Technology also rose on Friday.