From The Economic Times · Bloomberg · · 1m
Asian Shares and US Futures Rise on AI Trade Optimism
AI-driven tech earnings boost Asian shares and US futures as AI trade concerns ease.
In brief
AI-driven tech earnings boost Asian shares and US futures as AI trade concerns ease. Strong AI company earnings revived market optimism after AI valuation fears. Originally reported by The Economic Times.
Asian Shares Rise
Asian shares rose 0.6% with South Korea and Japan gaining after strong AI tech earnings.
Kospi Index Rebound
Kospi Index rose 1.9% after rebounding from one of South Korea’s worst IPO debuts.
US Futures Climb
US equity-index futures climbed 0.7% after SpaceX reported quarterly net income that more than doubled estimates.
SpaceX Earnings
SpaceX posted $4.4 billion in net income for the quarter ended September, compared with $1.88 billion estimates.
AI Bubble Concerns
Billionaire Ken Griffin warned investors are 'almost certainly' in the midst of an AI bubble.
Meta and Tesla Earnings
Meta Platforms and Tesla are due to report earnings Wednesday, key tests for AI sector momentum.
The bottom line
Strong AI company earnings revived market optimism after AI valuation fears.
