There are dates that mark the brief history of technology. The debut of Netscape in '95, the first search engine of the Internet era, rather than the auction that decreed Google's triumphant entry into the stock market. Perhaps, however, no event has aroused the echo of the sensational quarterly di Nvidia: $277 billion earned in just one evening after putting – word of the founder Jens Huang – “a fixed point” in the growth ofArtificial intelligence. It's not just a question of finance, even if the 400 billion dollars absorbed by the system are impressive. What matters most is that we cannot talk about a bubble: this time, unlike what happened with the birth of the web, real money was invested, with the effects of an earthquake on the development of technology. The Nasdaq +2,5% took off, consolidating Nvidia's +14% jump recorded after the data.
Stock market today 23 February: EU markets towards highs
I tech of the Stock Exchange United States have consolidated the robust initial rise, due to the fantastic indications also arriving from the Californian company's accounts. A triple increase in revenue in the first quarter, thanks to growing demand for AI chips. TO Wall Street This morning the S&P 500 index set a new record. Nasdaq +3%, one step away from the record. S&P500 +2,1%, new record. In addition to Nvidia +16%, fifty-five other companies in the main basket reached all-time highs.
Other AI-related companies are also seeing strong gains: Advanced Micro Devices gained 9,6%, Super Micro Computers 20,5% and Arm Holdings 9,2%. The Philadelphia semiconductor index rose 4,5%. Big tech companies like A, Microsoft e MetaPlatforms they posted gains between 1,1% and 3,8%.
Overall, optimism about the AI sector has contributed to significant gains in stock markets, with investors looking with interest at the growth prospects in the technology sector. The good mood soon spread to all price lists. After the wave of optimism in the AI sector, the MSCI Asia Pacific index is set to close the fifth consecutive week on the rise, approximately +1,2% is the change on a five-session basis.
Stock market: Asia Pacific indices at five-week highs
Today the financial market of Tokyo it is closed for holidays. The index MSCI Asia-Pacific, around parity this morning, is about to close the fifth consecutive week on the rise, approximately +1,2% is the change on a five-session basis. Positive weekly results also for the Hang Seng of Hong Kong (+2,2%) and for the CSI 300 of the Shanghai and Shenzen lists (+3,4%). Both indices floated just below parity at the end of the session. They rebound for the fourth consecutive day Chinese real estate company listed in Hong Kong. The note on the trend in house prices arrived tonight from the National Statistics Office in Beijing: the drop recorded in January in the seventy reference cities in China was less severe than that of the previous months. In new, the -0,37% economic trend in the first month of the year compares with -0,45% in December 2023. In used, the drop was 0,7%.
The index Kospi of Seoul marks a slight increase at the end of the session, +0,5% for the week
The European markets are also in great evidence (not only for AI).
European stock markets are expected to open flat after yesterday's run.
EuroStoxx 50 future unchanged. Yesterday the European blue chip index closed up 1,7%. The global pan-European Stoxx600 index reached its highest level in history. The Ftse Mib of Milan it rose by 1,1% to 32.356 points, a new very long-term high.
Profits make banks soar
The ECB minutes relating to the meeting of 24-25 January have been released. Governing Council members stated that “the disinflationary process remains fragile and changing too soon could undo some of the progress made.”
EuroStoxx 50 index at new highs since 2000. Eurostoxx 600 index at new historical highs.
FtseMib of Milan +1,2%, on new highs of the last fifteen years.
The FTSE index of Italian banks reaches levels not seen since 2015.
Dax +1,4%, Cac +1%: both at new historic highs.
Among the sectors, Tech and Automotive shine with gains of around +3%.
Unicredit-Generali, evidence of agreement. How much does Tavares earn
Unicredit-Generali. Sheet he writes that the investment banks are once again thinking about the merger. The same newspaper states that the operation is complicated but not impossible.
Brembo. The company will press ahead with plans to move its registered office to the Netherlands, a spokeswoman said, despite the Italian government encouraging companies to keep their registered office in the country.
Enel. The general strike of the workers of the electricity group was moved to March 8 after the unions accepted the request of the Guarantee Commission.
stellantis. The managing director of stellantis, Carlos Tavares, received a salary of approximately 2023 million euros in 13,5, approximately 1,4 million less than in 2022 (14,9 million euros), to which 10 million in incentives are added One-off. The compensation, we learn from a note, consists of a basic salary of 2 million euros, which has remained unchanged for three years, to which must be added a variable remuneration of 90% with respect to the performance KPIs assigned to him, which amounts to 11,5 million, approximately 1,4 million euros less than the sum received in 2022. In addition to the basic and variable remuneration, Tavares also received an incentive in 2023 for the transformation of Stellantis into a sustainable technological mobility provider, equal to 10 million euros, approved in 2021 by the board. At the same time, long-term incentives amounting to 13 million euros were awarded which will be assigned to Tavares only if specific performance objectives are achieved in the coming years.
