Stocks
AI-Fueled Rally Pushes S&P 500 and Nasdaq to New Heights
The S&P 500 and Nasdaq have reached new record highs due to persistent AI momentum. The S&P 500 rose 0.78% to $7,502.04, while the Nasdaq Composite gained 0.88% to $26,635.22.
Nvidia's stock surged 4.3% to $235.63 per share after US regulators approved its request to sell AI accelerators in China. Broadcom also climbed 4.1% to $434 following a price target increase by Wells Fargo to $545.
Cisco Systems jumped more than 10% after beating earnings, while Ondas and Fermi saw significant gains of 26.52% and 22.83%, respectively, following positive reports and updates on their projects.