AI-fueled rally lifts global stocks as Asia leads tech gains

Global stocks extended gains as tech momentum persisted, led by AI optimism after Taiwan Semiconductor’s solid results, boosting the AI theme in Asian markets; Nasdaq-100 futures rose while European futures pointed lower. The yen rose on Japan’s caution about currency weakness, while oil fell and gold/silver declined as Treasuries stayed broadly flat and investors weighed Fed policy expectations amid the ongoing tech rally.