The Wall Street Stock Exchange .. profits exceeding expectations that lead the height of American stocks

Apple and other major American companies led the rise of American shares in Friday’s trading, the last day of the current trading week, thanks to those companies achieving profits that exceed expectations during the last quarter of last year.
The broader S&P 500 index increased by American stocks by 0.7% in the afternoon trading, to go towards achieving an increase of 0.2% during the current week as a whole after its great loss last Monday as a result of fears of the artificial intelligence bubble after a Chinese company revealed its success in developing an intelligence model Artificially capable of competing with models at a very low cost.

American stocks

The Dow Jones Industrial Index increased by 25 points, or 0.1% by twelve o’clock in the morning, in the morning of the American East Coast. The Nasdaq Synod index also increased by 1.3%. Apple’s shares increased by 0.5% after the company announced the profits of exceeding the expectations of analysts during the last quarter of last year.
Given Apple is the largest company in terms of market value in, the rise of its share led to the rise of the SGOP 500 as a whole and other indicators. While the company’s sales fell from the iPhone smartphone, its revenues from services such as Apple Care and August Store have recorded record levels.

Electronics Industry

The shares of KLA, which supplied the electronics industry, increased by 2.4% after announcing profits and revenues that exceeded analysts. The company attributed its high profits and revenues to the expansion of artificial intelligence and high -performance computing.
The arrow also recovered most of the losses last Monday, which witnessed the collapse of technology shares around the world, after the Chinese startup, Deep Seck, said it has developed a major linguistic model capable of competing with the best in the world, without the need to use first -class chips.

Artificial intelligence chips

This announcement raised questions about whether all the expected investments of artificial intelligence chips and data and electricity centers are really required.
At the same time, the share of the electronic chips company, Nafidia, which is the most important company in developing artificial intelligence applications, is still 12% less than its level at the end of last week.