Thanks @shovel40, @Fiji1 and morning crew. Half-time wrap: The...

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market advanced for a second day as tech stocks chased a dramatic surge on Wall Street following an upbeat outlook from AI market-leader Nvidia.

The ASX 200 rallied 35 points or 0.46% by mid-session.

Leading the rally, the Australian tech sector climbed 1.6% to its highest in two years. Also strong: consumer stocks, banks and energy producers. Market drags included utilities and gold miners.

The speculative end of the market missed the upswing. The Emerging Companies Index dropped 0.74%.

AI mania was in back in vogue overnight after Nvidia flagged a huge increase in revenues this quarter in what some commentators called a tipping point for Artificial Intelligence. The Nasdaq rocketed up 2.96% to its biggest gain in 12 months. The S&P 500 put on 2.11%.


Personal trading: Unconvinced by some of the attempts to persuade us the ASX is hiding the next Nvidia. By all means ride the euphoria, but don't drink the Kool Aid. Traders keep their wits about them. (I see AMD is up. Everyone aware it's not the local listing for Advanced Micro Devices? ) Not that I found anything to brag about this morning. In and out of NUH for a meagre profit when volume didn't show. Managed to buy a share yesterday that still hasn't traded today. Not a lot of money in that.