Sorry IHSG! Wall Street Hits New Record, Dow Jones Breaks Through 50,000

Jakarta, CNBC Indonesia - The United States stock exchange hit a new record during trading on Thursday (15/5/2026) local time. This was propelled by a surge in artificial intelligence (AI)-based technology shares as well as market optimism regarding the improving US-China trade relations. The S&P 500 index jumped 0.8% and broke through the 7,500 level for the first time in history. Meanwhile, the Nasdaq rose 0.9% to a new all-time high of 26,635. The Dow Jones Industrial Average also strengthened by 0.75%. It even broke through the psychological 50,000 level for the first time since the outbreak of the Iran war in February. Citing Trading Economics, in detail, the market rally was led by technology stocks, particularly the AI sector. Cisco Systems shares surged 13.4% after the company raised its annual revenue and profit projections. Meanwhile, NVIDIA rose 4.4%, extending its monthly rally to around 15%. NVIDIA’s increase came after the US government granted permission to 10 Chinese companies to receive H200 AI chips produced by NVIDIA. This policy was announced amid a visit by US President Donald Trump to Beijing accompanied by several CEOs of major US technology companies. The market views this move as a signal of thawing technological tensions between Washington and Beijing, which have long burdened the global semiconductor sector. On the other hand, US Treasury Secretary Scott Bessent stated that Washington and Beijing are exploring mechanisms to accelerate approvals for certain Chinese investments into the US. Additionally, the two countries are opening opportunities to reduce tariffs on a number of non-strategic goods. These statements have boosted investor optimism that relations between the world’s two largest economies are entering a more stable phase. Previously, trade wars and technology restrictions had been the core of conflicts between them.