Emerging-market stocks rise on strong AI sector demand
Emerging-market stocks rose for a third day, driven by Asian chipmakers following CoreWeave's upgraded revenue forecast and strong demand for AI infrastructure.
A gauge of emerging-market equities posted a third consecutive day of gains, buoyed primarily by advances among Asian semiconductor producers. The rally followed cloud-computing firm CoreWeave's updated annual revenue forecast, which triggered an 18% surge in its share price—its largest single-day increase since August. Investors were further reassured by reported strong demand surrounding AI startup Anthropic's prospective initial public offering. Analysts noted that the positive revenue projections and robust interest in artificial intelligence infrastructure have helped alleviate recent market concerns regarding potential slowdowns in global AI spending.
Sources: Bloomberg