Wall Street closes high with renewed appetite for AI

A new York stock exchange closed today, driven by the financial performance of several companies, including SpaceX, which rewarmed interest in artificial intelligence (IA) actions.

The final results of the session indicate that the Nasdaq index, of strong technological strength, rose 1.05%, to 26,702,86 points, the Dow Jones selective index increased 0.69%, to 52,856.09 points, and the broader index, the S&P 500, increased by 0.58%, 7,757.17 points.

“The U.S. market had a good session, especially Nasdaq,” said the agency France-Presse (AFP) Peter Cardillo, an analyst at Spartan Capital Securities, adding that “SpaceX has raised investors’ spirits with regard to AI.”.

The aerospace group of billionaire Elon Musk announced, on Tuesday night, a quarterly revenue of $14.6 billion, almost triple the previous year, and a net profit of $4 billion, the first in its history.

This performance is largely due to the hiring of its data centres to other AI companies, including Anthropic.

SpaceX shares rose by 7.79%, reaching $159.31, which represents a gain of about $150 billion in market value.

Wall Street also reacted very positively to the upward review of the quarterly projections of Super Micro Computer, a company specialized in data centers, whose shares rose 9.55%, reaching $35.57.

“ This demonstrates a more vigorous demand than expected by AI platforms, as well as a clientele composition and a portfolio of products more favorable than expected,” said Briefing analysts. Com.

Following these data, the giant ‘chips’ Nvidia rose 2.54%, AMD advanced 3.36% and Broadcom gained 1.03%.

This news comes at an opportune time for the New York market, which has been suffering in recent days from concerns about the level of indebtedness of AI companies and the fear of increased Chinese competition.

Investors are now looking at the results of Meta (Facebook, Instagram), released after closing the market, as the group has invested heavily in artificial intelligence.

The company reported a third quarter, overall, better than expected, with a revenue above forecast. Their shares rose 3.03% to $718.63 in electronic negotiations after closing.

The financial performance of Tesla electric vehicle manufacturer, another company of Elon Musk, is also under analysis after closure.

The group announced a net profit with a sharp fall compared to the previous year, but still above analyst forecasts. Stocks rose 1.38% to $391.80 after closing.

“If the time of results continues at this rate, I believe that markets have the potential to record a good valuation by the end of the year,” Peter Cardillo said.

In the macroeconomic scenario, the rest of the week will have few indicators. Investors are already awaiting the meeting of the US Central Bank (FOMC) Monetary Policy Committee on Tuesday and Wednesday.

While the current situation is largely expected, they will be alert to any indication of the direction of monetary policy in a persistent inflation scenario.