US EditionAI Darlings Prop up Wall Street as Most Other Stocks Fall
Nvidia and Microsoft drive Wall Street gains with Microsoft securing a $9.7 billion AI cloud contract amid mostly declining stocks, the S&P 500 rose 0.4%.
- On Monday, Nvidia and other big tech names lifted U.S. markets, with the S&P 500 index up 0.4% and the Nasdaq composite rising 0.9% despite most stocks falling.
- Partnerships to develop AI infrastructure are pushing chipmakers higher, with Microsoft striking a $9.7 billion cloud deal with IREN to access Nvidia chips amid profit-growth pressure this week.
- Early Monday, gold rose nearly 0.6% to $4,020.30 per ounce as reduced Chinese tax rebates triggered heavy buying, though some gold shops like Chow Tai Fook Jewellery Group declined.
- Kimberly‑Clark plunged more than 15% after unveiling a $48.7 billion deal to buy Kenvue, whose shares surged 19%, while Palantir Technologies rose ahead of this week’s earnings report.
- In Asian trading, South Korea's Kospi jumped 2.8% to 4,221.87, helped by Samsung Electronics gaining 3.4% and SK Hynix soaring 1.1%, while energy prices swung.
36 Articles
36 Articles
AI darlings prop up Wall Street as most other stocks fall - Boston News, Weather, Sports
NEW YORK (AP) — More gains for Nvidia, Amazon and other AI superstars propped up Wall Street on Monday. The S&P 500 rose 0.2% and pulled closer to its all-time high set last week, even though the majority of stocks in the index sank. The Dow Jones Industrial Average dropped 226 points, or 0.5%, and the Nasdaq composite climbed 0.5%. Nvidia was the strongest force lifting the S&P 500, just like it has been for the year so far. The chip company ro…
Wall Street opened this Monday in mixed terrain, driven by the good performance of technologies such as Nvidia or AMD, which rose 3 and 1 percent, respectively, in the first bars of the session.In the New York Stock Exchange, the Nasdaq rises 0.45 percent and is around 23 thousand 824.65 integers; it is followed by the S&P 500 with 0.13 percent more, in the 6 thousand 848.79 units; while the Dow Jones falls with 0.41 percent less and is located …
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Nvidia and tech companies prop up Wall Street as most stocks fall
Nvidia and tech companies prop up Wall Street as most stocks fall (Business)
The U.S. stock market is ticking higher in mixed trading, led once again by big tech companies. The S&P 500 added 0.4% Monday and was nearing its all-time high set last week, even though the majority of stocks within the index were falling. The Dow Jones Industrial Average dipped 34 points, and ...
Nvidia, tech companies prop up Wall Street
The U.S. stock market is ticking higher in mixed trading, led once again by big tech companies. The S&P 500 added 0.4% Monday and was nearing its all-time high set last week, even though the majority of stocks within the…
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