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

The Nasdaq reached an all-time high, shrugging off concerns about AI safety risks and high tech valuations. The Nasdaq Composite index rose 0.45% on Tuesday, bringing its gains to over 17% for the year. Monolithic Power Systems and Shopify saw respective increases of 8.1% and 7.1%, while Nvidia, the world's most valuable company, gained 0.7%.