Economy

Small Caps Hit Record Highs as Analysts Project Year-End Rally

Small-cap stocks have broken out to new record levels with the Russell 2000 Index hitting multiple all-time highs in recent sessions. Analysts suggest the asset class may continue rallying through year-end as investors rotate from large-cap technology stocks amid changing market trends.

Small Caps Reach Historic Milestone

The Russell 2000 Index reportedly reached a new all-time high on Wednesday, marking its fifth record this year according to market reports. Sources indicate the index of small capitalization stocks has shown remarkable strength after first clearing its 200-day moving average in September and subsequently breaking through its previous record high from November 2021.

AIInvestment

Abu Dhabi’s MGX Emerges as Major AI Investor While Backing TikTok Deal

The Abu Dhabi-backed investment firm MGX is rapidly becoming a dominant force in global technology investing. Recent reports indicate the sovereign wealth fund-backed entity is participating in massive AI infrastructure deals while also supporting former President Donald Trump’s efforts to acquire TikTok.

Abu Dhabi’s Strategic Move Into Global Tech

An Abu Dhabi-backed investment firm is emerging as a major financier in the global artificial intelligence sector while simultaneously participating in efforts to bring TikTok under U.S. control, according to recent reports. MGX, launched in March 2024 with backing from Abu Dhabi’s sovereign wealth fund, has become a key capital source as tech giants race to build the computing infrastructure needed to meet exploding AI demand.