Australian shares jumped to a fresh all-time high on Wednesday, surpassing the previous February peak of 9202.90 points. Energy stocks tumbled two per cent after the announcement, while the major four banks also limited the ASX sharemarkets gains. Picture: NewsWireAlso helping lift the Australian sharemarket was recent AI wobbles, which helps the Australian market due to its lack of exposure. Betashares investment strategist Hugh Lam, the Australian market is emerging as a global safe haven away from the AI trade. "Materials stocks have added further momentum, with Iran-linked supply disruptions keeping commodity risk premiums elevated and copper futures trading near record highs."