Global stock markets posted a broad-based rally on Thursday, driven by a resurgence of investor confidence in the artificial intelligence sector.
The advance was underpinned by strong financial results from key US semiconductor manufacturers, signaling that demand for AI infrastructure remains robust despite earlier volatility.
The positive earnings data helped lift equities across major indices, reversing recent caution among traders.
Market participants appear to be repricing the risk associated with AI capex cycles, viewing the latest corporate results as validation of the sector's long-term growth trajectory.
This shift in sentiment has provided a tailwind for technology-heavy indices, which led the gains.
The rally also highlights a broader transformation in the global stock market hierarchy.