Nasdaq leads global stock gains amid AI growth and tech rally

Global stock markets showed positive momentum, led by the technology-heavy Nasdaq Composite, which rose 0.81%. Investors shifted toward growth companies, increasing risk appetite while pulling capital away from safe-haven assets. Notable performers included SanDisk Corp, which surged 13.67% following revenue reports, and Netflix, which rose 5.42% after positive hedge fund commentary.

In Asia, markets were bolstered by a 4% rise in South Korea, driven by gains in Samsung and SK Hynix. Additionally, CoreWeave shares saw a significant jump of 16% in extended trading, fueled by continued high expenditure in the artificial intelligence sector.

Conversely, precious metals and energy faced declines. Gold fell 1.38% and silver dropped 1.73%. WTI crude oil decreased by 2.58%, though market attention remains focused on the situation in the Strait of Hormuz and upcoming US inflation data.