World stocks climb on chip rally; dollar steadies near one-year high

NEW YORK, June 25 (Reuters) - Global stocks rose on Thursday as strong earnings from chipmakers lifted sentiment, although investors remained wary about stretched valuations for AI-related shares, while the dollar hovered near a one-year high.

The ‌benchmark S&P 500 ended flat while the Dow rose on Wall Street, led by industrials, healthcare and materials stocks.

What drove Micron's strong 15.7% stock surge?

What's behind the dollar's near one-year high?

Why are AI stock valuations causing investor concern?

How are interest rate expectations affecting tech stocks?

Micron ‌was up 15.7% after the memory chipmaker's solid forecast helped to extend its AI-driven ascent.

Qualcomm rose 3.8% after reporting that it expects $15 billion a year in sales from ​its data center business by 2029.

The Nasdaq closed down, however, pulled lower by choppy trading among most megacap technology stocks. Apple lost 6.1% while Microsoft shed 3.5%.

The Dow Jones Industrial Average rose 0.14%, the S&P 500 ended flat, and the Nasdaq Composite fell 0.46%.

AI VALUATIONS, INTEREST RATES DRIVE SENTIMENT

Investor concern that valuations of AI-related companies have become stretched after years of gain

Fuente original: Yahoo Finance (https://finance.yahoo.com/news/asian-stocks-surge-micron-earnings-012554974.html)