AI Stocks Soar Worldwide as Nvidia’s Big Test and China’s ‘AI Plus’ Plan Ignite a Frenzy
Nvidia shares rose 1.1% on Aug. 26 ahead of its earnings report, with the company’s $4.4 trillion market cap now making up a record 8% of the S&P 500. China’s CSI AI Index jumped 5.5% to an all-time high after Beijing announced a major AI policy push. AMD and Palantir gained around 2% each, while European chip stocks also advanced. Wall Street indexes closed near session highs as investors awaited Nvidia’s results.