The ASX Set to Rise as Wall Street Climbs; Boeing Falls as China Plane Order Disappoints The US stock market has reached yet another record, driven by strong demand for artificial intelligence technology.
This trend is spreading beyond the tech sector, with companies like Cisco Systems reporting better than expected profits and their stock leaping 13. 4% its best day in nearly 15 years.
CEO Chuck Robbins attributed this success to "very strong, broad based demand for our products. " However, the sheer scale of AI's influence suggests that a more diplomatic description is warranted.