Forex
AI Stocks Lift Wall Street as US Inflation Rate Slows
The Australian sharemarket is expected to fall by 19 points or 0.2 per cent at the open, while Wall Street has surged after several AI stocks reported better growth than analysts expected.
Nvidia and Super Micro Computer helped lead the way on signals that businesses continue to spend big dollars on AI infrastructure, with the former climbing 3 per cent.
Super Micro Computer jumped 19.6 per cent after reporting earnings per share for the latest quarter that were 84 per cent higher than analysts expected.