AI is moving markets again
Chip, memory and cloud infrastructure stocks are rising on fresh demand expectations
Jin Samuray
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- Reuters writes that the AI rally is still running: Asian tech indexes are near record levels, while investors watch possible Donald Trump-Xi Jinping talks against a backdrop of strong chip demand.
- The US market is showing the same pattern. The S&P 500 and Nasdaq closed at records on May 13 even as inflation data came in hotter than expected. Stocks tied to AI and semiconductors helped carry the move.
- AP notes that tech stocks pushed the market higher on a day when most individual stocks fell. Nvidia rose 2.3% and became one of the main forces lifting the S&P 500.
- TSMC gave investors another number to work with: the company now expects the global semiconductor market to exceed $1.5 trillion by 2030. Its earlier benchmark was around $1 trillion.
- On a market screen, the chain is visible: accelerator makers rise first, then memory, servers, data-center equipment and cloud platforms. More orders from Microsoft, Google, Amazon and Meta increase interest in the companies selling them capacity.
- S&P Global, cited by Reuters, estimated 2026 AI infrastructure plans from Microsoft, Amazon, Alphabet and Meta at $635 billion. That spending is already reaching beyond tech and into energy.
- The same trade can reverse quickly. If AI infrastructure budgets are cut or data centers take longer to pay off, pressure can move through the whole chain: from Nvidia and TSMC to memory makers and cloud platforms.
- AI is no longer just a topic inside the tech sector. It has become a force that moves entire indexes: good news about compute lifts the market, while doubts about demand can turn into broad sell-offs.
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