In other news, Japan's stock market also hit a record high for the first time in 34 years, despite the country being in a recession. Market watchers are now awaiting the Federal Reserve's next move amidst an uncertain policy outlook. In commodities, oil prices rose, gold slightly fell, and Bitcoin increased by 1.25% to $51,638.
Key takeaways:
- US stocks soared on Thursday, with Nvidia's shares spiking more than 15%, helping the Dow Jones Industrial Average top 39,000 for the first time and the S&P 500 reach a fresh record of 5,087.05.
- Nvidia's total revenue climbed 265% year-over-year in the fourth quarter, leading to Wall Street's high enthusiasm for the chip maker.
- Japan's stock market is also being lifted by the AI boom, with the Nikkei index hitting its first record in 34 years.
- Markets are operating against a backdrop of an uncertain policy outlook, with forecasters awaiting the Federal Reserve's next move on interest rates.