On the 19th, the New York stock market saw an increase in buying orders due to expectations for future corporate performance backed by AI-related demand, and the Dow Jones Industrial Average rose nearly 400 points, hitting a new all-time high.
On the 19th, the closing price of the Dow Jones Industrial Average on the New York Stock Exchange hit an all-time high of $37,863.80, an increase of $395.19 from the previous day.
On the 18th, TSMC, the world's largest contract manufacturing company based in Taiwan, announced that its business performance will recover this year due to strong demand for AI-related products, and the market is focusing on the future of corporate performance mainly in semiconductor-related industries. Expectations are spreading, and buying orders have increased.
Stock prices also rose because the University of Michigan's index of American consumers' views on the economy, released on the same day, exceeded market expectations.
The NASDAQ stock index, which has many IT-related stocks, rose by a significant 1.7%, and the S&P 500 stock index, which is calculated using the stock prices of 500 major companies, closed at over 4,800, marking the first time in about two years that it reached an all-time high. Updated value.
A market insider said, ``There are growing expectations that the rise in demand for semiconductors, backed by the rapid expansion of the use of generative AI, will boost corporate performance.''