The S&P 500 closed above 7,600 for the first time, led by AI stocks. Marvell surged 32% on Nvidia optimism, while crypto fades as a contrarian bet.
Institutional investors pivot from crypto to equities as AI optimism drives record inflows, reshaping market dynamics.
HSBC cautions that over half of FTSE Asia ex-Japan returns come from just three AI stocks, urging diversification into 10 'forgotten gems'.
Broadcom and other AI stocks trade up as investor sentiment improves. Key takeaways include strong performance and market trends.