Markets spent the week doing what they do best: ignoring danger until it becomes expensive. The S&P 500 gained 1.2% and finished at 7,575.39, while the Nasdaq added 1.7%, as enthusiasm for AI and semiconductors outweighed another bout of Middle East anxiety. The rally wasn’t broad, though; chip shares did most of the heavy lifting, helped by SK Hynix’s American debut and reports that China may permit limited purchases of NVIDIA’s H200 processors. NVIDIA duly recovered towards $211, while Tesla clawed back to roughly $408 but remained trapped in its familiar, untidy range....
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AI Keeps the Party Going – While Oil and Iran Rattle the Windows - SGT Markets
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