WS #16449
The Nasdaq has gained for a second day, fueled by the 'Anthropic effect' and Microsoft's strategic buyouts of 60,000 employees to pivot toward AI efficiency. SK Hynix's record Q3 results, with a 79.7% margin, have lifted memory chip stocks like Micron. Amazon is also in focus ahead of its Q3 earnings, having gained 10% year-to-date as investors bet on AI-driven cloud growth.
AI-Driven Tech Rally
The Nasdaq has gained for a second day, fueled by the 'Anthropic effect' and Microsoft's strategic buyouts of 60,000 employees to pivot toward AI efficiency. SK Hynix's record Q3 results, with a 79.7% margin, have lifted memory chip stocks like Micron. Amazon is also in focus ahead of its Q3 earnings, having gained 10% year-to-date as investors bet on AI-driven cloud growth.