Tech and AI-related stocks continued to move Wall Street to brand-new record highs Monday, with Advanced Micro Gadgets Inc. ( NASDAQ: AMD) rising almost 30% after revealing a landmark financial investment in OpenAI.
The Nasdaq 100 crossed the 25,000 turning point for the very first time, increasing more than 1% and extending its year-to-date gain to practically 20%.
The S&P 500 climbed up 0.5% to fresh record highs near 6,750, while the Dow traded flat and the Russell 2000 included 0.5%, likewise setting brand-new records.
Under the multi-year contract, AMD will provide OpenAI with GPUs to power massive AI work, an offer experts state might open billions in brand-new income.
The pact consists of prepare for approximately 6 gigawatts of GPU releases and a warrant for approximately 160 million AMD shares, vesting as efficiency targets are fulfilled.
For AMD, it marks the greatest single-day rally because April 2016, when shares leapt 52%.
The statement drew appreciation from Trump’s AI Czar, Alex Sacks, who stated the AMD– OpenAI collaboration “demonstrates how quickly the AI hardware race is broadening and how competitive this market has actually ended up being.”
On The Other Hand, gold’s unrelenting rally continued in parallel with equities, highlighting an uncommonly tight connection in between the 2 possessions.
Gold futures struck a record $3,995 per ounce, up 50% year-to-date, while silver advanced 0.8%, reaching its greatest level because April 2011. Oil rates climbed up almost 2% after Russia reported refinery disturbances following weekend drone attacks.
Bitcoin (CRYPTO: BTC) hovered above $125,000, up 1.2% after touching an all-time high of $125,750 over the weekend.
Monday’s Efficiency In Major U.S. Indices, ETFs
| Significant Indices | Rate | 1-day % chg |
| • Nasdaq 100 | 25,021.96 | 1% |
| • Russell 2000 | 2,496.29 | 0.8% |
| • S&P 500 | 6,745.91 | 0.4% |
| • Dow Jones | 46,661.43 | -0.2% |
According to Benzinga Pro information:
- The Lead S&P 500 ETF (NYSE: VOO) increased 0.4% to $617.63.
- The SPDR Dow Jones Industrial Average ( NYSE: DIA) inched 0.3% to $466.45.
- The tech-heavy Invesco QQQ Trust Series ( NASDAQ: QQQ) increased 0.9% to $608.19.
- The iShares Russell 2000 ETF (NYSE: IWM) rallied 0.9% to $248.10.
- The Innovation Select Sector SPDR Fund (NYSE: XLK) surpassed, up 1.5%; the Realty Select Sector SPDR Fund ( NYSE: XLRE) lagged, down 0.8%.
S&P 500’s Leading 5 Gainers On Monday
| Call | % Modification |
|---|---|
| Advanced Micro Gadgets Inc. | +28.3% |
| Monolithic Power Systems Inc. (NASDAQ: MPWR) | +6.4% |
| Albemarle Corporation (NYSE: ALB) | +5.4% |
| Super Micro Computer System Inc. ( NASDAQ: SMCI) | +5.2% |
| Arista Networks Inc. (NYSE: ANET) | +4.8% |
S&P 500’s Leading 5 Losers On Monday
| Call | % Modification |
|---|---|
| Verizon Communications Inc. (NYSE: VZ) | − 4.7% |
| Starbucks Corporation (NASDAQ: SBUX) | − 4.2% |
| AT&T Inc. (NYSE: T) | − 4.0% |
| Biogen Inc. (NASDAQ: BIIB) | − 3.4% |
| International Paper Co. (NYSE: IP) | − 3.3% |
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