TECH STOCKS RALLY ON AI SPENDING WAVE
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Global equities surged as technology companies posted blockbuster earnings driven by sustained artificial intelligence investment. Optimism extended across markets as geopolitical developments eased energy concerns.
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Microsoft, Amazon and Google's combined carbon emissions jumped nearly 20% in the past year, reaching 119 million metric tonnes of CO₂ equivalent—roughly a third of France's total output. The spike is driven primarily by rapid datacentre construction.
The European Commission plans to introduce new digital regulations by year-end to protect consumers from deceptive online spending practices. EU Justice Commissioner Michael McGrath announced the initiative as part of broader efforts to strengthen social media safeguards.
SK Hynix, Nvidia's largest RAM supplier, raised $26.5 billion in its Wall Street IPO Friday, becoming the largest foreign company debut on record. The South Korean chipmaker opened at $170 per share.
Malaysia is implementing an age verification requirement for social networks effective June 1, prohibiting users under 16 from accessing major platforms.