(Reuters) – The New York Stock Exchange ended higher on Thursday, as Alphabet’s presentation of its latest artificial intelligence model and the launch of a new generation of chips by AMD brought a wind of optimism to the market. the area.
The stock of Alphabet, Google’s parent company, jumped 5.3% the day after the presentation of Gemini, its most advanced artificial intelligence (AI) model.
AMD estimated Thursday that there is a $45 billion market for its artificial intelligence processor data centers.
The Dow Jones index gained 0.17%, or 62.95 points, to 36,117.38 points. The broader Standard & Poor’s 500 gained 36.25 points, or 0.80% to 4,585.59 points. The Nasdaq Composite advanced 193.28 points (1.37%) to 14,339.994.
In addition to Alphabet, “tech” is supported by the prospect of a reduction next year in interest rates from the American Federal Reserve (Fed), which meets on December 12 and 13, in a context of relaxation on the labor market, pending Friday’s report on job creation, the unemployment rate, and wages in the United States.
Last week’s increase in weekly unemployment claims in the United States, figures from the ADP survey on job creation in the private sector and the “Jolts” report on job offers have revived optimism about the effectiveness of Fed policy tightening.
(Paris editorial team)
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