Global Indices Rebound as AI Selloff Fears Fade Fast

Global indices found fresh footing this week as semiconductor and AI-adjacent stocks rebounded, easing fears that had dragged broader benchmarks lower. A BofA analyst's call for a $3.2 trillion semiconductor market by decade-end gave index-heavy tech components a lift, feeding directly into headline gauges tracking the sector.

Not every constituent participated evenly. Oracle's fifth straight losing session shows the rally remains selective, meaning index-level gains may mask uneven internals. Multiyear chip and infrastructure deals are being read by desks as evidence that capex momentum, a key driver of index performance this year, isn't cracking yet.

For index traders, breadth divergence is the story to watch: leadership concentrated in a handful of mega-cap tech names can distort headline index moves even as laggards drag.