The global artificial intelligence (AI) boom has propelled stock markets in the US, South Korea, Taiwan, and Japan to unprecedented record highs. Driven by an insatiable investor appetite for large language model (LLM) developers, semiconductor giants, and chip manufacturers, the rally has taken a highly speculative turn as market participants increasingly turn to leverage to maximize their returns.
After surging nearly 50% since its record-breaking IPO, SpaceX shares declined for the first time as investors booked profits, broader market weakness weighed on sentiment, and traders assessed the company's path toward major index inclusion.
