Danish Bank: Stock market rose on Wednesday, AI related stocks rebounded
2026-10-29 15:43:01
According to CoinMeta, strategists at Danske Bank noted that on Wednesday, the stock market rose, with both the S&P 500 index and the EuroStoxx 600 index moving higher. Stocks related to artificial intelligence rebounded for the third consecutive trading day. The financial reports released after the market close by AI and Microsoft showed divergent performance in terms of revenue and capital expenditure. The bank emphasized that the guidance on capital expenditure remains unchanged, which may limit the upward momentum that could come from further increases in profit forecasts for the data center and semiconductor industries. Overall, today's market reaction to the financial reports of large cloud computing companies was somewhat negative, with the South Korean Composite Stock Price Index falling by 0.7% and NASDAQ index futures dropping by 0.9%. However, considering the significant volatility in stocks related to AI recently, such declines are actually surprisingly small.
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Source:Internet
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