The Promenade in Davos, Switzerland is the focal point of the World Economic Forum's annual meeting in the Swiss ski town — and AI is front and center

The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.

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Nvidia's demand for advanced packaging from TSMC remains strong though the kind of technology it needs is changing, the U.S. AI chip giant's CEO Jensen Huang said on Thursday, after he was asked whether the company was cutting orders.

Artificial intelligence is in the spotlight, with tech companies advertising their AI offerings along the Davos Promenade. Read more.

Schneider Electric is keen to cooperate with U.S tech giant Nvidia in developing data centers in Vietnam, said Jean-Pascal Tricoire, chairman of the French industrial technology giant.

The Dow Jones Industrial Average ( ^DJI) moved to a session high, up 0.5% while the S&P 500 ( ^GSPC) gained 0.2%. The Nasdaq Composite ( ^IXIC) fell slightly. President Trump spoke remotely at the World Economic Forum in Davos, Switzerland, appearing via video to a packed room of CEOs and world officials.

Track the market's reaction to President Donald Trump's speech in Davos, Switzerland, as well as corporate earnings and other developments on Thursday.

The major indexes added to strong weekly gains. Tesla and AI chipmakers such as Nvidia and Arm are testing key levels.

The S&P 500 finished at a fresh all-time record Thursday as US stocks shrugged off early weakness, welcoming President Donald Trump’s pledge to cut corporate taxes. In a much-anticipated video appearance at the World Economic Forum in Davos,

Larry Fink, CEO of BlackRock, called for the US Securities and Exchange Commission to expedite approval for tokenizing bonds and stocks,

Britain's choice of a former Amazon executive to chair its antitrust regulator is a clear pitch for investment, including from Big Tech, and signals it is prepared to go easier on deal-making if that would help,