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Global Stocks Rise as S&P 500 Extends Record Seven-Day Rally

Japan and South Korea equities advanced, the Shanghai Composite moved back above 4,000, and Amazon shares climbed after the company said its artificial intelligence business exceeded $15 billion in annualized revenue.

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Terms & Concepts
  • Artificial intelligence business: A company segment tied to AI products and services, often including cloud tools, chips, and software used to build or run machine learning systems.
  • CPI: Consumer Price Index, a key inflation measure tracking changes in prices paid by consumers for goods and services.
  • Annualized revenue: A projection that converts current revenue run rates into a full-year figure, assuming the same pace continues.