Samsung Inks Labor Deal, Averts Chip Strikes As AI Bonus Boom Fuels Ferrari Purchases

Samsung Inks Labor Deal, Averts Chip Strikes As AI Bonus Boom Fuels Ferrari Purchases Global stocks pushed higher on Wednesday as momentum in AI and memory chips fueled a continued risk-on rally. The MSCI All Country World Index, South Korea's Kospi, and Japan's Nikkei all hit record highs. The rally was led by chip stocks, with SK Hynix and Micron's market values topping $1 trillion for the first time. Sentiment from Tuesday into Wednesday was fueled by a bullish note from UBS...

By Tyler Durden