Global markets are experiencing a remarkable rally driven by optimism surrounding artificial intelligence (AI), as traders increasingly focus on tech stocks while concerns regarding oil prices and Middle East tensions loom large. Despite ongoing skepticism about a potential US-Iran ceasefire, the AI boom has propelled global equities to record highs, seeing momentum stocks outperforming traditional indexes by significant margins. Analysts note that the AI frenzy is overshadowing geopolitical anxieties, with major shifts in investment patterns as sectors like semiconductors thrive. While concerns regarding inflation and central bank policies persist, the prevailing sentiment remains one of optimism centered around technological advancements.