Global stocks climb amid AI worries

Global stocks rose supported by strong results from electronic chip manufacturing companies, despite concerns over AI company valuations and high interest rates. In Wall Street, the S&P 500 index remained almost unchanged, the Dow Jones increased by 0.2%, while the Nasdaq declined by 0.54%, with Apple’s shares dropping by 5.3%. Markets expressed concerns that inflated valuations of AI companies might impact performance, amid expectations of interest rate hikes from the Federal Reserve.

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