Cautious optimism in global markets led by artificial intelligence

The rise in technology stocks due to optimism regarding the artificial intelligence theme increased the risk appetite in global markets. Anthropic, developer of Claude artificial intelligence models, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the purpose of offering its shares to the public.

This development increased hopes that interest in the artificial intelligence sector will revive. The US-based technology company Meta's announcement of a financing plan of approximately $95 billion to support its investments in artificial intelligence infrastructure and personal superintelligence also supported the optimism in the markets.

Analysts stated that there are still uncertainties about whether companies' artificial intelligence investments will turn into profit, and this situation causes investors to act cautiously.

In addition to economic developments, geopolitical developments continue to have an impact on the direction of asset prices. As hopes continue that peace can be achieved between the parties in the Middle East, the barrel price of December term Brent oil decreased by 1 percent to 114.7 dollars. With these developments, the US 10-year bond interest rate is at 4.97 percent, with a decrease of 3 basis points.

The dollar index, supported by the decline in the euro due to the ongoing risks in Europe, especially from France, is at 102 with an increase of 0.1 percent.

Due to the fact that energy prices are still at high levels and cause inflationary pressures to increase, the ounce of gold is traded at 4 thousand 12 dollars with a decrease of 0.1 percent.

It is expected that the balance sheets to be announced by Amazon, Microsoft and Alphabet will give clues about the size and profitability of artificial intelligence investments and will be decisive in the direction of the markets.

Stock markets in the USA were positive yesterday due to the rise in technology stocks. Intel's shares gained 4 percent, Micron Technology's shares gained 3 percent, Advanced Micro Devices' shares gained 2.8 percent, Nvidia's shares gained 2.4 percent and Broadcom's shares gained 2.3 percent.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)