AI Companies Help Stock Market Reach New Highs

May 13, 2026, 22:49
ChinaFinance

Introduction

On Wednesday, two big stock markets reached their highest points ever. This happened because many people bought shares in AI and computer chip companies.

Main Body

Companies like Nvidia and Micron grew fast. US and Chinese leaders met in Beijing. Experts say people want more computer chips than companies can make. This makes the companies more valuable. Cisco is a big tech company. It made more money than people expected. Cisco will cut 4,000 jobs. The company wants to spend more money on AI technology instead. A new company called Cerebras joined the stock market. It raised over 5 billion dollars. Many people want to buy its shares. This shows that AI is very popular now. Some other parts of the market did not do well. Prices for goods went up. This is bad for banks and houses. Some companies like Wix.com lost money.

Conclusion

AI growth helps the stock market stay strong. However, high prices for goods are still a problem for some businesses.

Learning

πŸ’‘ The 'Something' β†’ 'Something Else' Pattern

In English, we often use the word more to show a change or a preference. Look at these examples from the text:

  • ...want more computer chips...
  • ...made more money...
  • ...spend more money on AI...

How to use it: Whenever you want to say that the amount of something is increasing, just put more before the noun.

Simple Examples for you:

  • I want β†’\rightarrow more water.
  • She needs β†’\rightarrow more time.
  • We have β†’\rightarrow more books.

πŸ“‰ Opposite Directions

Notice how the story describes two different movements:

  1. Going Up β†’\rightarrow Reached highest points / Grew fast / Raised money
  2. Going Down β†’\rightarrow Cut jobs / Lost money

If a company is growing, it usually means it is making more money. If a company is cutting, it is taking something away.

Vocabulary Learning

market
A place where people buy and sell goods or stocks.
Example:The stock market is busy today.
shares
Pieces of ownership in a company that can be bought or sold.
Example:She bought shares of a tech company.
growth
An increase in size, amount, or value.
Example:The company's growth was fast.
technology
The use of science and tools to make things easier.
Example:They invest in new technology.
jobs
Positions where people work for money.
Example:The company will cut 4,000 jobs.
prices
How much something costs.
Example:Prices for goods went up.
banks
Places that keep money and give loans.
Example:Banks are affected by high prices.
houses
Buildings where people live.
Example:High prices hurt houses.
money
Currency used to buy goods and services.
Example:He used money to buy a new phone.
companies
Organizations that make or sell products.
Example:Nvidia and Micron are big companies.