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AI-related stocks boost US indices ahead of Friday jobs report

US stocks posted their biggest daily gain since mid-November on Thursday, as shares in Alphabet and AMD leapt higher following fresh developments around artificial intelligence.

The tech-heavy Nasdaq Composite closed up 1.4 per cent, with Google-parent Alphabet adding 5.3 per cent and semiconductor group AMD gaining 9.9 per cent. Alphabet had on Wednesday announced a new set of generative AI tools, while AMD said it had rolled out a new AI chip.

Wall Street’s benchmark S&P 500 closed 0.8 per cent higher.

The moves came ahead of a closely watched jobs report due on Friday, with US employers expected to have added 180,000 new roles last month, up from 150,000 in October.

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