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Nasdaq Smashes Record as Tech Stocks Surge

Guavy AI Editorial Team
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The Nasdaq Composite notched a new record close on Monday, surpassing its previous high in June. The tech-heavy index rose by 2.26% to reach this milestone, with Advanced Micro Devices (AMD) hitting a $1 trillion market cap for the first time.

Shares of Meta jumped over 11% as the company's new AI-powered personal assistant app, Muse, generated positive buzz in its early weeks. Bitcoin also saw a significant increase, reaching above $86,000 to touch its highest level since January.

However, despite the overall market gains, an alarming trend emerged under the surface, with CNBC's Sean Conlon reporting on a concerning development not seen since 1999.

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