Shares of semiconductor companies and AI developers rallied Monday to push the Nasdaq Composite 2.30% higher to 27,132.87, reaching its first all-time high since June 2. Meta shares rose 11.34% to $741.25, adding $192 billion in market capitalization after Wells Fargo increased its price target following the launch of the Muse AI agent. Advanced Micro Devices gained 9.95% to $615.52, crossing $1 trillion in market value for the first time, while Intel and Arm jumped 12.2% and 17% respectively.
The S&P 500 closed 1.52% higher at 7,766.76 and the Dow Jones Industrial Average rose 0.79% to 52,090.00. Global trade in AI-enabling goods grew 42% year-on-year in the first quarter of 2026, representing 18.7% of world merchandise trade. Total worldwide data center capital expenditure is forecast to exceed $3 trillion by 2030, with the five largest US hyperscalers spending $697 billion in 2026, $173 billion above January forecasts.
Key sources
- SOURCE@firstsquawk“NASDAQ CLOSES 2.30% HIGHER AT 27,132.87, UP 610.33 POINTS”x.com
- SUPPORT@scottmelker“AMD climbed +9.95% to $615.52 and crossed $1.00 trillion in market value for the first time”x.com
- SOURCE@alexeheath“Apptopia sent through these estimates on early Muse usage”x.com
- SUPPORT@rihardjarc“Muse downloads 1.8M vs ChatGPT 1.3M”x.com
- SUPPORT@bearlyai“AI agents use >15x more tokens than humans”x.com
- SUPPORT@stocksavvyshay“$META is now up more than 10% today for its best day in over a year”x.com
- SOURCEmarketbrief.now