Five Charts Show How Every Market Is Hanging on AI Craze

Indexes from Japan to Europe hit fresh record highs in the wake of stellar results from artificial intelligence powerhouse Nvidia Corp. — cementing its place as “the most important stock on planet earth.”

The global rush into AI-related stocks is sweeping up everything in its path, boosting a broad base of global technology shares and driving the trajectory of whole markets. China is the only major market to miss out.

“Equity sentiment will thrive on this result for weeks to come and we cannot rule out a melt-up scenario in AI related stocks,” said Peter Garnry, head of equity ...