
Episode 817
Tech and gold at ATH levels
๐ฌ๐ง Stay ahead of the markets with Swissquote ยท Insights, strategies, and innovations for smarter trading
October 9, 202513m 31s
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Show Notes
Tech stocks continue to lead major US and Japanese indices toward fresh ATHs anud Elon Musk's xAI securing a significant $20 billion funding round, and buying ABB's robotics division. Companies like Dell are also revising growth forecasts upward, attributing this optimism to the unexpected strength of the AI market, meanwhile JPMorgan's CEO, Jamie Dimon, echoes this sentiment, highlighting the overwhelming demand for AI technologies and their own massive AI investments where costs are immediately countered by productivity gains.
In commodities, gold surges past $4,000 per ounce, driven by political, geopolitical tensions and a weakened appetite for traditional currencies. Though strongly overbought, gold bulls judge that the bullion could be worth more โ much more!
Listen to find out more!
Topics
AI ArtificialIntelligence xAI Nvidia SoftBank ABB TechStocks Dell JPMorgan Gold Investing Markets StockMarket Trading GlobalEconomy NASDAQ SP500 USMarkets InterestRates FX CurrencyMarkets Swissquote MarketTalk