Wall Street’s Nasdaq hits all-time high as AI frenzy gathers pace

Read the original at Al Jazeera ↗
Al Jazeera · collected 2026-09-23 · by John Power

Quick Summary

The Nasdaq stock exchange reached an all-time high on Tuesday, with the index rising 0.45 percent and gaining more than 17 percent year-to-date. This surge contrasts with concerns over AI safety risks and high tech valuations, as well as tensions related to the U.S.'s ongoing conflict with Iran. Key companies like Nvidia, Apple, and Micron Technology saw gains, while Meta Platforms, despite its recent excitement around AI assistant Muse, dropped slightly.
Written locally by qwen2.5:14b on 2026-09-23, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

On Tuesday, Wall Street's Nasdaq Composite index hit an all-time high, rising 0.45 percent to extend its year-to-date gains to over 17 percent. This surge was led by tech giants like Nvidia and Apple despite concerns about artificial intelligence (AI) safety risks and sky-high valuations in the tech sector. The Nasdaq-100 Index also reached a record high, with Monolithic Power Systems and Shopify leading gains at 8.1 percent and 7.1 percent respectively. Meanwhile, Asian markets showed mixed performance: Japan’s Nikkei 225 rose about 1.4 percent, while South Korea’s Kospi increased by 0.1 percent; in contrast, Hong Kong’s Hang Seng Index fell more than 0.7 percent. Oil prices were largely stable at around $99 per barrel for Brent crude, after a previous drop due to improved oil flows out of the Gulf and hopes of renewed diplomacy between Washington and Tehran. Additionally, positive sentiment towards AI stocks was bolstered by Meta Platforms' launch of its new agentic tool, Muse, ahead of the anticipated China-US leadership summit.

Written for “AI Market Growth” on 2026-10-04, grounded in this article and the 1 other(s) covering the same event.

Signals How these are calculated →

Claims extracted
13
claim-shaped sentences
Uncertain
8%
1 of 13 hedged
Leaning
Leans right
of the writing, not the subject · beta estimate
Correction & hedging signals
60.2
corrections and hedging in what we collected; not a measure of accuracy
Outlets on this story
2
Economy/Business
Narrative spread
1
articles carrying this framing
Analyzed 2026-09-23 · how these are computed

Story

📰 AI Market Growth
Economy/Business · 2 article(s) covering the same event. See how they differ ↓

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Compared with similar articles

This article reads leans right and hedges 8% of its claims. Each row says how that neighbour differs.
The Guardian
⚖️ Leans left further left than this 🔴 17% hedged 11 of 63 📰 publisher trust 60
“The articles describe different market conditions at distinct times, with one indicating a warning and the other reporting an all-time high.”
Global News
⚖️ leaning not scored 🔴 12% hedged 3 of 26 📰 publisher trust 64
“The articles describe different market movements on separate days, with distinct price changes and no overlap in the specific events or outcomes reported.”
The Guardian
⚖️ Leans left further left than this 🔴 14% hedged 4 of 29 📰 publisher trust 68
“The articles describe different economic events with distinct focuses on AI's impact and market performance in Australia versus Wall Street.”
South China Morning Post
⚖️ leaning not scored 🔴 0% hedged 0 of 6 📰 publisher trust 67
“Both articles describe the Nasdaq hitting an all-time high on the same day, September 23, 2026, with similar contexts including AI and tech stocks performing well.”
Semafor
⚖️ leaning not scored 🔴 0% hedged 0 of 4 📰 publisher trust 95
“The articles cover related market trends but describe different specific time periods and aspects of the AI-driven stock performance.”
The Sydney Morning Herald
⚖️ leaning not scored 🔴 14% hedged 5 of 35 📰 publisher trust 61
“The articles describe different market conditions and concerns over a period of time, not the same specific incident.”
ABC News (US)
⚖️ leaning not scored 🔴 24% hedged 8 of 34 📰 publisher trust 59
“The articles discuss different aspects of the stock market's reaction to AI over a span of days, with Article A mentioning warnings bringing new scrutiny and Article B reporting an all-time high for Nasdaq despite concerns.”
ABC News (AU)
⚖️ leaning not scored 🔴 8% hedged 3 of 40 📰 publisher trust 61
“While both articles discuss the Nasdaq reaching a record high due to AI stocks, they refer to different times: ARTICLE A mentions potential future movement on the ASX and current trends in Nasdaq and oil prices, while ARTICLE B reports an all-time high already achieved.”

Publisher

Al Jazeera · 2091 article(s) · 2 correction(s) detected
Running correction rate · 2 correction(s)
2026-10-03
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2026-09-30
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Who wrote this

John Power
15 article(s) here · 1 carrying a prediction
🔮 South Korea’s Ministry of Finance and Economy has forecast real GDP to grow 3 percent in 2026, which would be the strongest performance since 2017, excluding the outlier years of the COVID-19 pandemic. The AI boom has also propelled the country’s stock market into the ranks of the best-performing bourses this year, with the benchmark Kospi rising nearly 60 percent.
2026-10-01 · assertive framing · South Korea’s exports hit record high on AI boom
🔮 The launch comes after Meta’s release of AI assistant Muse earlier this month, and Google’s unveiling of Gemini Spark in May.
🔮 “The Middle East conflict remains unresolved, and there are scenarios where inflation is higher and activity lower than forecast,” it said.
2026-09-29 · assertive framing · Australia raises interest rates to 15-year high
🔮 US Trade Representative Jamieson Greer said the agreement would improve market access for about 30 percent of US exports to China and also benefit US consumers.
🔮 Recommended Stories list of 4 items- list 1 of 4Argentina’s poverty rises to 32 percent under Milei with more pain forecast - list 2 of 4UAE bars Iranian airlines as US sanctions squeeze Iran’s aviation sector - list 3 of 4Brazil’s Lula and Flavio Bolsonaro still essentially tied in new poll - list 4 of 4At
🔮 AI giant Anthropic has announced the discovery of a new enzyme system in bacterial DNA that it said could “represent a new gene editing mechanism” similar to the groundbreaking CRISPR tool.
🔮 Observers anticipated measures that, at best, would fall far short of the coordinated slowdown that many experts said is needed.
🔮 US President Donald Trump on Tuesday told reporters that US officials held a “very good” meeting with their Iranian counterparts on the sidelines of the United Nations General Assembly in New York, hours after using his address to the session to warn that he could “annihilate” Iran if Tehran did not agree to a deal on the war.
🔮 The declaration urges countries to develop and coordinate “common standards”, share reports of serious safety incidents, and explore the establishment of an international institution to “set standards, enable verification, and convene states when capability thresholds are crossed”. Signatories include German Chancellor Friedrich Merz, Norwegian Prime Minister Jonas Gahr Store, European Commission President Ursula von der Leyen, Kenyan President William Ruto, Kazakh President Kassym-Jomart Tokayev and Turkish Foreign Minister Hakan Fidan. The United States and China, the world’s two leading AI powers, did not join the statement, which remains “open for endorsement” by other countries. US President Donald Trump and Chinese President Xi Jinping are expected to discuss AI when they meet at the White House on Thursday for their third face-to-face summit in less than a year. Washington and Beijing, which are in a race to dominate cutting-edge technologies, have both rebuffed calls to slow down AI development to ensure greater safety.
🔮 US President Donald Trump’s administration has said it aims to sever “every” economic lifeline sustaining Iran in what officials have warned will be the toughest sanctions campaign ever seen.
Also by John Power
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 15 articles by John Power →

Topics

Apple Iran Muse Nvidia South Korea’s

Subjects

Iran GPE · 5× Apple ORG · 2× Goldberg PERSON · 2× Iranian NORP · 2× Nvidia ORG · 2× South Korea’s GPE · 2× Tehran GPE · 2× Trump PERSON · 2× Nasdaq ORG · 1× the United States’ GPE · 1×

Narrative

Major Asian stock markets opened higher on Wednesday, with Japan’s benchmark Nikkei 225 and South Korea’s Kospi up about 1.4 percent and 0.1 percent, respectively, in morning trading. Hong Kong’s Hang Seng Index opened lower, falling more than 0.7 percent during the morning trade. Oil prices were largely flat on Tuesday, after falling more than 3 percent the previous day amid improving oil flows out of the Gulf and hopes of renewed diplomacy between Washington and Tehran. Futures for Brent crude, the international benchmark, were trading at $99.18 a barrel as of 01:00 GMT.
framing: assertive · carried by 1 article(s) · first seen 2026-09-23
🔮 US President Donald Trump on Tuesday told reporters that US officials held a “very good” meeting with their Iranian counterparts on the sidelines of the United Nations General Assembly in New York, hours after using his address to the session to warn that he could “annihilate” Iran if Tehran did not agree to a deal on the war.
2026-09-23 · Al Jazeera
Wall Street’s Nasdaq hits all-time high as AI frenzy gathers pace · assertive framing

Claims (13 extracted, 1 hedged)

Wall Street’s Nasdaq stock exchange has hit an all-time high, shrugging off concerns about AI safety risks, sky-high tech valuations and the energy shock caused by the United States’ war on Iran. asserted
exchange → hit → Iran
The Nasdaq Composite index, which is dominated by US tech giants such as Nvidia, Apple and Microsoft, rose 0.45 percent on Tuesday, taking its gains to date this year to more than 17 percent. asserted
which → dominate → percent
Recommended Stories list of 4 items- list 1 of 4Celebrities at the Pentagon: How unusual was the Paul brothers’ visit? - list 2 of 4UNGA Day 1: US and Iran hold talks despite Trump’s threat - list 3 of 4Kamala Harris campaigns with Abdul El-Sayed to unify Democratic voters - list 4 of 4Iran flights to Baghdad, Muscat cancelled ahead of US aviation sanctions The Nasdaq 100, a narrower index that tracks 100 top companies, jumped 0.82 percent. The S&P 500, the most popular measure of the overall US stock market, closed essentially flat. asserted
S&P → hold → market
Monolithic Power Systems, a Florida-based manufacturer of power circuits, and Canadian e-commerce company Shopify led the gains, surging 8.1 percent and 7.1 percent, respectively. asserted
company → base → gains
Micron Technology, one of the world’s top three memory chip makers along with South Korea’s SK Hynix and Samsung Electronics, rose 5 percent. asserted
Technology → rise → Hynix
Chip giant Nvidia, the world’s most valuable company, gained 0.7 percent, while Apple edged up 0.2 percent. asserted
Apple → gain → percent
Meta Platforms, which soared 11.4 percent on Monday on excitement surrounding its new AI assistant Muse, dropped 0.63 percent. asserted
which → soar → assistant
Major Asian stock markets opened higher on Wednesday, with Japan’s benchmark Nikkei 225 and South Korea’s Kospi up about 1.4 percent and 0.1 percent, respectively, in morning trading. Hong Kong’s Hang Seng Index opened lower, falling more than 0.7 percent during the morning trade. Oil prices were largely flat on Tuesday, after falling more than 3 percent the previous day amid improving oil flows out of the Gulf and hopes of renewed diplomacy between Washington and Tehran. Futures for Brent crude, the international benchmark, were trading at $99.18 a barrel as of 01:00 GMT. asserted
Futures → open → GMT
US President Donald Trump on Tuesday told reporters that US officials held a “very good” meeting with their Iranian counterparts on the sidelines of the United Nations General Assembly in New York, hours after using his address to the session to warn that he could “annihilate” Iran if Tehran did not agree to a deal on the war. uncertain
Tehran → tell → war
Trump, whose war on Iran is nearing the seven-month mark, said US and Iranian officials would hold another round of talks in the “very near future”. asserted
officials → near → future
Jay Goldberg, a senior analyst at Seaport Research Partners in San Francisco, said signs of diplomatic progress between the US and Iran had refocused investor attention on the potential of AI to generate profits after years of multibillion-dollar investments. asserted
signs → say → investments
“We have been searching for a clear consumer use case to justify the AI spend, and many see Muse as just that product,” Goldberg told Al Jazeera. asserted
Goldberg → search → Jazeera
“Personally, I think Muse is just a step in the right direction; there will be better products – probably soon – but Muse is one of those things that are so useful they get investors excited about AI prospects again,” Goldberg said. asserted
Goldberg → think → prospects
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