AI Fuels Rally in US Stock Markets Nasdaq Jumps on Tech Euphoria
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AI Fuels Rally in US Stock Markets Nasdaq Jumps on Tech Euphoria

The US stock markets gained on Wednesday. In New York at the close of trading, the Dow was calculated at 52,486 points, a gain of 0.5 percent compared to the previous trading day. Minutes earlier, the broader S&P 500 was up 1.3 percent, with approximately 7,619 points, and the technology stock exchange Nasdaq recorded the Nasdaq 100 at around 28,374 points, up 2.3 percent. The US stock markets are experiencing a new wave of euphoria for so-called Artificial Intelligence. Anticipation surrounding the highly awaited IPO of Claude developer Anthropic is fueled by unexpectedly strong quarterly figures from CoreWeave, a company specializing in data centers and cloud computing. Even Nvidia shares recovered on Wednesday from the setback caused by the debate concerning CEO Jen-Hsun Huang. The European common currency was weaker on Wednesday evening: one Euro cost 1.1087 US dollars, and a dollar was available for 0.9020 Euros. Oil prices decreased: a barrel of Brent crude cost 92.52 US dollars on Wednesday evening around eight PM German time, which was 1.1 percent higher than at the close of the previous trading day. The price of gold dropped significantly; in the evening, 3,985 US dollars were paid for a fine ounce (-1.2 percent). This corresponds to a price of 115.55 Euros per gram.