Key facts
- Global stocks hovered near record highs.
- Nvidia unveiled a new AI chip for laptops and desktops.
- Nvidia shares rose 3.9%, and Microsoft shares gained 2.5%.
- PC makers Dell and HP saw significant share increases.
- Micron shares surpassed $1,000, extending its gain.
- Oil prices pared their rally after President Trump cited rapid talks with Iran.
Global stocks are hovering near record highs, driven by optimism surrounding artificial intelligence and strong corporate earnings. Nvidia's announcement of a new AI chip for PCs, in partnership with Microsoft, has boosted tech stocks. However, escalating tensions between the U.S. and Iran, which had pushed oil prices higher, are now easing as President Trump cited rapid talks.