U.S. stock markets continued their upward trajectory, with major indices hitting record levels amid sustained gains in artificial intelligence-related stocks. The rally has drawn comparisons to rapid market rises preceding the 1987 crash, marking the fastest pace of gains outside recession periods since that time.

Nvidia emerged as a standout performer at the Computex technology conference, contributing to the broader AI sector momentum that has propelled market gains. Asian markets were positioned to extend these gains as the AI rally showed continued strength across global trading sessions.

Concurrently, SpaceX is reportedly planning to raise $75 billion through an initial public offering at $135 per share, according to market sources. The company is expected to finalize IPO terms as early as Wednesday, positioning it among the largest public offerings in recent years.

The potential SpaceX listing comes as market observers anticipate what could be a significant year for IPO activity. However, some market segments experienced volatility, with exchanges seeing selloffs related to concerns over perpetual futures approvals that have unnerved certain investor groups.

In the technology sector, ChatGPT reached a milestone of 1 billion monthly active users in record time, demonstrating the rapid adoption of AI applications that has underpinned much of the current market enthusiasm. The achievement reflects the broader acceleration in AI technology adoption across consumer and business markets.