U.S. markets pushed closer to record highs as investors continued to pour money into artificial intelligence leaders, even as political and legal developments added fresh uncertainty.
Wall Street Rallies on AI Momentum
U.S. stocks hovered near all-time highs, led by semiconductor heavyweights Nvidia and Broadcom. Investors have continued to back the AI buildout despite questions about whether the massive capital expenditures will translate into sustainable profits.
Market strategists say the rally reflects investors’ confidence in long-term AI demand, even as skepticism grows around valuations. The ability of markets to keep climbing amid geopolitical risks, rate uncertainty, and political noise has revived the phrase that investors are once again “climbing a wall of worry.”
Alphabet Tests Global Appetite With 100-Year Bond
Alphabet made a rare move into ultra-long-term debt, selling sterling- and Swiss franc-denominated bonds, including a 100-year note. The offering followed a successful $20 billion U.S. bond sale and drew more than $100 billion in investor orders, underscoring strong global demand for high-grade corporate debt.
The transaction marks Alphabet’s first issuance in those currencies and highlights how cash-rich technology firms are tapping markets to fund aggressive spending plans, particularly around artificial intelligence infrastructure.
Trump Floats 15% Growth Claim, Criticizes Fed Choice
Former President Donald Trump said the U.S. economy could achieve 15% growth under his preferred Federal Reserve leadership. Trump named Kevin Warsh as his favored candidate for the role, while expressing regret over appointing current Fed Chair Jerome Powell.
Economists widely view such growth projections as unrealistic, but the comments signal how monetary policy could again become a focal point in the election cycle.