Wall Street: US-Börsen notieren uneinheitlich – Ölpreis unter 110 Dollar

Wall Street's stock market is showing mixed results due to ongoing concerns about the technology sector's future. The Dow Jones Industrial Average, consisting of blue-chip companies, rose by 1 percent to 52,486 points. The S&P 500, a broader market index, increased by 0.4 percent to 7,723 points. Meanwhile, the Nasdaq remained almost unchanged at 26,473 points, as did the Nasdaq 100, which tracks the 100 largest non-financial companies by market capitalization.

Andreas Lipkow, chief analyst at broker CMC Markets, noted that worries about high valuations and financing for the AI boom are growing. The technology-focused Asian markets witnessed pressure on semiconductor and data center companies on Tuesday. Seoul's Elice, a data center provider, saw its shares drop by 32 percent after its debut on the market. Lipkow stated that investors are increasingly questioning whether the massive investments made by major tech companies will yield returns in the foreseeable future.

Despite the market's mixed performance, shares of US cloud provider Coreweave rose by nearly 2.4 percent. Investors are waiting for results from major AI investors, such as Meta, to gauge the further development of these billion-dollar investments. Concerns about financing the AI infrastructure are also reflected in the bond market, with the credit risk of SoftBank Group reaching its highest level in nearly four years.

According to Roger Lee of Cavendish, the market needs evidence that the enormous investments in data centers and infrastructure are paying off. Highly leveraged providers of cloud infrastructure may continue to face pressure.