The stock market has experienced significant growth in the past quarter, with the MSCI World Stock Index seeing a 7.7% increase, the highest in five years. Companies in the artificial intelligence sector have been a major contributor to this growth.

Nvidia, a leading chip manufacturer, saw its market value rise by over a trillion dollars in the first three months of 2024. As of now, Nvidia's shares are being traded at $903.56 each, resulting in a market capitalization exceeding $2.25 trillion.

While artificial intelligence has played a key role in this growth, experts note that other factors such as expectations of interest rate cuts in major global economies have also supported the rise in stock prices. For instance, Switzerland has already initiated steps towards reducing interest rates.