Global stock markets rise as investors continue to bet on AI

Global stock markets have climbed as investors continue to bet on bright prospects for the tech giants driving the AI boom. In the United States, all three major stock indexes rose on Tuesday, led by the tech-heavy Nasdaq Composite, which gained 1.18 percent. The benchmark S&P 500 rose 0.6 percent, while the narrower Dow Jones Industrial Average edged up 0.03 percent. Five of the “Magnificent Seven” tech stocks rose, led by Tesla, up 4.04 percent. Amazon gained 1.61 percent, while Apple and Alphabet gained 0.93 percent and 0.9 percent, respectively. Nvidia, the world’s most valuable public company, rose almost 1 percent after announcing a $3bn investment in Meta’s equity offering.