
U.S. markets hit record highs as AI-fueled optimism lifted tech giants, with Apple and Microsoft each exceeding $4 trillion in market value. U.S. stock futures rose on Thursday after President Donald Trump and China’s President Xi Jinping concluded their meeting in South Korea, as investors also digested Big Tech earnings and the latest Federal Reserve decision.
Nvidia became the world’s first company to reach a $5 trillion market valuation after its shares rose more than 3% on Wednesday. The rally followed CEO Jensen Huang’s announcement of $500 billion in expected AI chip orders and plans to build seven new U.S. government supercomputers. Nvidia also revealed a $1 billion investment in Nokia to co-develop 6G technology .
Alphabet, Meta, and Microsoft all reported earnings after Wednesday’s close, giving mixed signals for the AI-driven market. Alphabet’s shares jumped 6% after hours on strong results, while Meta and Microsoft fell 8% and 4%, respectively.
Markets also reacted to the Fed’s decision to cut rates by 25 basis points to 4%, with Chair Jerome Powell signaling that another cut in December is not guaranteed. This uncertainty over future rate moves and tech sector volatility could create more fluctuations in the market.
And in Asia, the Bank of Japan kept its interest rate unchanged at 0.5% as expected. The decision came despite inflation staying above the 2% target for 41 consecutive months. Market reaction was mild, the yen weakened slightly as USDJPY rose above 153.00, and the Nikkei rose 0.4%. Markets expect a possible rate hike within the next two meetings.
On the trade tariffs front, U.S. President Donald Trump announced a one-year agreement with China covering rare earths and critical minerals, alongside a deal to cut tariffs on fentanyl from 20% to 10%. In exchange, China pledged to curb fentanyl exports and resume purchases of U.S. soybeans and other farm goods.
Markets reacted modestly, with China’s rare earths index rising over 2%. The talks also touched on Nvidia chip sales. The meeting signaled a temporary easing in U.S.-China tensions. Trump said he will visit China in April, and the Chinese president will visit the U.S. afterward.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.