USA economic data remains strong, with second quarter GDP growth confirmed at 3% and core PCE price confirmed to slow to 2.8%. The three major US indices performed well on Thursday, with the s&p 500 index hitting a new closing high, while the Nasdaq's gains narrowed to less than 1%.

The s&p 500 index closed 23 points or 0.4% higher at 5,745 points; the Dow Jones closed 260 points or 0.6% higher at 42,175 points; the Nasdaq closed 108 points or 0.6% higher at 18,190 points.

Micron (MU.US) benefited from AI demand exceeding expectations in the fiscal quarter, with the stock soaring 14.7% throughout the day. Other chip stocks also performed well, with NVIDIA (NVDA.US) narrowing its gains to 0.4%, AMD (AMD.US) rising 3.4%, Intel (INTC.US), and Broadcom (QCOM.US) up 1% to 2%.

Super Micro Computer (SMCI.US) plummeted by 12.2% following reports of the US Department of Justice launching an investigation into it.

Heavyweight stocks saw individual developments, with Tesla (TSLA.US) falling by 1.1%, Microsoft (MSFT.US) down by 0.2%, and Apple (AAPL.US) slightly up by 0.5%.

Chinese concept stocks were popular, with Alibaba (BABA.US) rising by 10%, JD.com (JD.US) surging by 14.4%, and Xpeng (XPEV.US) also climbing by 11.9%.