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The AI peak hasn’t crested yet [Video]

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This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Back to back gains for S&P and NasdaqU.S. stocks mostly rose on Monday, with the S&P 500 and Nasdaq Composite climbing two days in a row. Artificial intelligence darling Nvidia closed at a record high. The pan-European Stoxx 600 index advanced 0.95%, although it came off highs after U.S. President-elect Donald Trump dismissed a report that his tariffs may not be as severe as initially thought.

Foxconn shows AI is still hotFoxconn, which trades as Hon Hai Precision Industry, said in a Sunday statement that the company’s fourth-quarter revenue, which grew 15% year over year, was the highest ever in the company’s history for that period. Foxconn’s numbers suggest that artificial intelligence is still hot,

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