Wall Street stock indexes rose strongly at the end of an otherwise bearish week. Shares rose the most since May of last year.
The industrial company index Dow Jones rose 2.5 percent, the S&P 500 stock index, which tracks large companies, rose 2.0 percent and the technology-focused Nasdaq rose 2.2 percent.
The industrial company index Dow Jones crossed the historical mark of 50,000 points.
The chip company was on the rise Nvidia and AMD. Both shares rose by around eight percent.
The technology company that announced its results after the stock market closed on Thursday Amazon decreased by 5.6 percent. Another technology giant that reported its results this week also calculated Alphabet. Both companies said that they are strongly increasing their investments, especially in artificial intelligence.
Out of the seven large technology companies, the social media company, which is also increasing investments, was also on the decline Meta. About a week ago, the results were announced Microsoft’s the share rose 1.9 percent. The company’s stock was still down almost seven percent in a week.
Recently, the cryptocurrency Bitcoin, which has fallen sharply, recovered significantly from its previous drop, rising to close to $70,000.
CEO of artificial intelligence chip company Nvidia by Jensen Huang according to the report, the demand for artificial intelligence is “unbelievably high”, and the construction of the infrastructure will continue for 7-8 years.