The market’s appetite for artificial intelligence remains insatiable. Marvell Technology jumped 9% following its inclusion in the S&P 500, signaling that capital continues to concentrate in the chipmakers fueling the AI boom. This trend is mirrored globally; China’s export growth surged nearly 20% year-on-year, a direct consequence of the skyrocketing demand for memory chips and specialized tech hardware.

Yet, this momentum faces a complex macroeconomic backdrop. As central banks, including the ECB and the Bank of Japan, weigh potential interest rate hikes, the inflationary pressure from the chip sector complicates the outlook. Meanwhile, the IPO market is heating up to a fever pitch. With OpenAI filing confidentially and Anthropic planning a summer debut, the spotlight is firmly on SpaceX, which targets a $1.75 trillion valuation. Despite S&P Global’s refusal to fast-track the company’s index inclusion due to profitability requirements, MSCI has cleared a path for the aerospace giant to join its Global Standard Indexes, ensuring a volatile week for investors navigating the new issuance cycle.