Asia markets mostly poised to rise as euro rate cut hopes lift sentiment; S&P and Nasdaq hit new highsThis is CNBC's live blog covering Asia-Pacific markets.
A European chip stock"is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton.Morris-Eyton, the fund manager behind AllianceBernstein's Global Growth Portfolio, said the stock is going through a rough patch in 2024 but is expected to have a"very strong year next year".India's stock market has been topsy-turvy in the past week.
Such a phenomenon raises"concerns about policy continuity, economic reforms, and overall investment climate increased market volatility, potential capital outflows, and a slowdown in both foreign direct investment and domestic investment," Dhruba Jyoti Sengupta, CEO of Wrise Private Middle East, told CNBC Pro.
Shares surged more than 4%, jumping to a fresh all-time high of $1,221.25 during the session. The stock has been on a stellar run in 2024, up 146% in 2024, as investors bet on the AI boom and Nvidia's role in supplying the chips to power it.