Equities: Tech and AI leadership drive record highs – Deutsche Bank
Tech Equities: Tech and AI leadership drive record highs – Deutsche Bank Deutsche Bank analysts note that global equities rallied as positive Trump-Xi signals, solid US data and easing inflation concerns lifted risk appetite. The S&P 500 and Nasdaq reached fresh record highs, supported by tighter US investment-grade spreads and strong gains in technology and AI-related names, while European equities advanced and mainland Chinese stocks outperformed weaker Asian peers. Equities rally with tech and AI leadership “Ahead of all that, global markets had generally put in a strong performance yesterday, thanks to positive noises from the Trump-Xi summit in Beijing, a decent batch of US data, and easing fears about inflation. So that pushed the S&P 500 (+0.77%) to another record, topping the 7,500 mark for the first time. And other risk assets performed well too, with US IG spreads closing at their tightest level in 3 months.” “Otherwise, risk assets got further support from various corporate headlines. Notably, Cisco (+13.41%) was the top performer in the S&P 500, after they announced a better-than-expected outlook in their latest release. Wider optimism around AI was also supported by a +68% opening jump for AI chipmaker Cerebras Systems after its $5.5bn IPO.” “Nvidia (+4.39%) led the gains for









