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Nvidia and other major AI plays have been central to the stock market rally seen this year, helping to propel major indices to new highs.
Advanced Micro Devices, Inc. (AMD), a U.S.-based artificial intelligence chip designer, has applied with the Ministry of Economic Affairs (MOEA) to set up a research and development center in Taiwan as part of the government's "A+ global R&D and innovation partnership program," the MOEA said Monday.
Shares in Taiwan closed slightly higher Monday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) climbed out of its earlier weakness to vault the broader market back into positive territory, dealers said.
Ram Ahluwalia of Lumida Wealth pointed to Ark's flagship ETF trading over 70% below its all-time high amid the S&P 500's recent record highs.
U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in the Middle East in their stride, underlining their resilience.