Stocks bask in Nvidia glow, dollar steady

FILE PHOTO: A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, October 1, 2008. REUTERS/Toby Melville/File Photo

LONDON: Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world's most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year.

MSCI's All-World index was up 0.2% at 805.13, having traded at an all-time high of 805.43.