NASDAQ and S&P 500 updated records amid demand for AI technologies – Kommersant
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The American NASDAQ and S&P 500 indices ended the week at record high levels. The driver was technology companies reporting high demand for chips for artificial intelligence, AFP reports.
The NASDAQ Composite closed trading on Friday, March 1, at 16,274.94 points, an increase of 1.1%. On Thursday, January 29, the index reached its first historical record since 2021.
The S&P 500 rose 0.8% to 5,137.08. Index updates historical records since January 19. The Dow Jones Industrial Average rose 0.2% to 39,087.38.
Nvidia last week reported about an almost sevenfold increase in profits thanks to the jumping demand for microprocessors for artificial intelligence. On March 1, Dell Technologies beat analysts’ earnings forecasts thanks to demand for AI technology. The company’s shares jumped almost 32%.
About the decline in interest in ChatGPT in the socio-political sphere – in the material of Kommersant “Artificial intelligence did not come out”.
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