Nasdaq Hits Record High as AI Optimism Overrides War Fears

The Nasdaq Composite reached an all-time high on Tuesday, rising 0.45% as investors shrugged off AI safety concerns and the US war on Iran. The Nasdaq 100 gained 0.82%, while the S&P 500 closed flat. Tech and chip stocks led gains, with Monolithic Power Systems up 8.1% and Shopify up 7.1%. Asian markets opened mostly higher on Wednesday.