Everywhere you look, stockmarkets are breaking information. American equities, as measured by the S&P 500 index, hit their first all-time excessive in additional than two years in January, surged above 5,000 factors in February and roared nicely above that degree on February twenty second when Nvidia, a maker of {hardware} important for synthetic intelligence (AI), launched spectacular outcomes. The identical day, Europe’s STOXX 600 set its personal report. Even earlier than Nvidia’s outcomes had been introduced, Japan’s Nikkei 225 had surpassed its earlier finest, set in 1989. Little shock, then, {that a} broadly watched international stockmarket index lately hit an all-time excessive, too (see chart 1).
