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AI beneficiaries are shifting in global stock markets

A смена of AI-related market leaders appears to be under way in global equities, with memory, hard-disk and fibre-optic cable companies driving gains in U.S. stocks rather than Nvidia, Microsoft or Amazon. Nvidia posted strong quarterly growth but its share rise lasted a day. Investors are showing interest in suppliers that ease data-centre expansion bottlenecks. Some enterprise software stocks have fallen after results amid worries AI could curb future growth.