IXIC: Nasdaq Composite Hits Record as Tech-Led AI Rally Spreads Worldwide

Meta’s new AI assistant reignited the semiconductor trade, while falling oil and Treasury yields gave global markets another reason to join the rally.

🤖 AI trade returns to the controls

• The Nasdaq Composite IXIC surged 2.3% Monday to a record close of 27,122.09. The S&P 500 gained 1.49% and the Dow added 0.7%, while Nasdaq futures advanced another 0.4% Tuesday morning.
• After several uneasy sessions, investors rediscovered their appetite for both technology and large numbers.
• Meta META jumped 11.4% after a strong early reception for its Muse AI assistant and a Wells Fargo price-target increase. Optimism spread across the computing chain:
• AMD gained about 10% and reached a $1 trillion valuation, Intel climbed 12.2%, Arm soared 17% and the semiconductor index advanced 4.3%.
• The market is betting that widely adopted AI agents will generate significantly more demand for processors and cloud infrastructure.

🌏 Asia follows as Bitcoin breaks out

• The rally spread into Asia, with South Korea’s Kospi gaining nearly 2% and Taiwan rising 1.3%. China’s CSI 300 added 0.75%, Hong Kong advanced 0.4% and regional AI stocks outperformed.
• Japanese markets were closed for a holiday, leaving the Nikkei to contemplate the excitement remotely.
• Bitcoin climbed above $87,000 for the first time in eight months after decisively breaking through $82,000 — the resistance area that rejected advances in mid-May and early September.
• The dollar remained firm despite the broader risk-on mood. The dollar index hovered around 100.40, near a seven-week high, while USD/JPY traded around 157.40. EUR/USD held near $1.1470 and GBP/USD around $1.337. China’s yuan strengthened toward 6.695 per dollar, its strongest level in more than three years.