The peak of artificial intelligence has not yet reached its peak

This report is from today's CNBC Daily Open, the international markets newsletter. CNBC Daily Open keeps investors informed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Consecutive gains for S&P and Nasdaq
US stocks Most of them rose on Mondaywith Standard & Poor's 500 and Nasdaq Composite Climbed two days in a row. Artificial intelligence, baby Nvidia It closed at a record high. Pan-European Stokes 600 index Advanced 0.95%Although it rose after US President-elect Donald Trump denied a report referring to his tariffs It may not be severe As was thought at first.

Foxconn shows that AI is still hot
Foxconn, trading as… Hon Hai Precision Industryhe said on Sunday statement The company's revenues in the fourth quarter, which grew by 15% year over year, were the highest ever in the company's history for that period. Foxconn numbers indicate that AI is still popular, Send stock From Nvidia and other global semiconductor companies.

Partnership in the electric vehicle charging network
shares Volkswagen and Exping It rose on Monday after the two companies announced a memorandum of understanding in which they pledged to open their ultra-fast charging networks to each other's customers. Volkswagen and Xpeng will also explore cooperation in this area Co-branded ultra-fast charging stationsCompanies said.

Trudeau is stepping down
Canadian Prime Minister Justin Trudeau said in a press conference on Monday that he would do so Stepping down from the presidency of the ruling Liberal Party But he will remain as prime minister until a new leader is chosen before a general election scheduled for late October. He added that the Canadian Parliament will suspend its activity until next March 24, when a vote of confidence will be held.

(PRO) High quality stock for high prices
the 10-year Treasury bond yield It continues to rise at the start of 2025, putting pressure on stocks. Michael Wilson, chief US equity strategist at Morgan Stanley, recommends that investors stick to high-quality stocks to manage any ensuing market turmoil. And here A List of stocks Which passed the examination conducted by Wilson's team.

Below is the electronics manufacturer's earnings report Microsoft announced Friday that it plans to do so An investment of 80 billion dollars in fiscal year 2025 to build data centers that can handle AI workloads.

These reports indicate that companies are continuing to invest heavily in AI, and the peak has not yet been reached.

Investors are also looking forward to Nvidia CEO Jensen Huang's keynote speech at CES 2025, which will take place around 11am Singapore time.

On the back of these tailwinds, Nvidia shares jumped 3.4% — a third straight day of gains — to close at a record high of $149.43. The company's stock rose further in extended trading, currently hovering above the $150 level.

On a larger scale, Van Eck Semiconductor Corporation It jumped more than 3%.

These moves helped push the major averages forward. Heavy technology Nasdaq Composite It was the clear winner, rising 1.24%, while… Standard & Poor's 500 It rose by 0.55%.

However, Dow Jones Industrial Average It fell 0.06% and the index gave up earlier gains made when it was reported that Trump might ease his import tariffs, which would have benefited its major constituent companies such as those in the consumer discretionary sector.

Despite those upbeat reports and positive market movements on Monday, the year ahead still looks tough.

“I think the market is very bullish on technology right now, looking for 20% earnings growth this year versus 12.8% for the market…but valuations look constrained,” said Sam Stovall, chief investment strategist at CFRA.

The real test of AI is whether companies are able to leverage it to boost revenues, rather than simply raise prices for sector picks and shovels.

— CNBC's Ryan Brown, Jordan Novitt, Piya Singh and Tanaya Machel contributed to this report.