Wall Street: US-Indizes steigen trotz KI‑Zweifeln – Ölpreis klettert auf über 110 Dollar

Despite ongoing concerns about the future of the technology sector, investors on Wall Street are once again flocking to tech stocks. After a negative start, US indices are turning positive. The Dow Jones Industrial Average, comprising standard stocks, climbed 1.3 percent to 52,634 points. The broad-based S&P 500 increased 0.7 percent to 7,740 points.

The technology-focused Nasdaq rose 0.5 percent to 26,565 points. The Nasdaq 100, which tracks the 100 largest non-financial companies by market capitalization, grew 0.5 percent to 29,668 points.

Andreas Lipkow, chief analyst at broker CMC Markets, noted that concerns over high valuations and the financing of the AI boom are persisting. Global stock markets were hit by tech stocks on Asian exchanges, with semiconductor and data center companies falling on Tuesday. Elice, a data center provider, saw its stock drop 32 percent following its debut on the Seoul exchange. Lipkow stated that investors are increasingly questioning whether the massive investments by major technology companies will ultimately pay off.

US cloud providers Coreweave also saw a nearly three percent decline. Investors are waiting for results from big AI investors like Meta to gauge the future development of the multi-billion-dollar investments. Concerns about financing the AI infrastructure are also evident in the bond market. SoftBank Group's credit risk rose to 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 will pay off. Particularly highly indebted providers of cloud infrastructure may continue to face pressure.