The S&P 500 closes at a record high |
The three major US indexes climbed higher with the S&P 500 setting a new record high. In a reversal of yesterday's gains, energy was the worst-performing sector. Investors piled into semiconductors as developments from the CES conference in Las Vegas buoyed enthusiasm for the AI trade. Stocks that moved higher: |
- Nebius jumped after announcing that it will be among the first to offer Nvidia's Vera Rubin NVL72 racks.
- Data storage stocks Sandisk, Western Digital, Micron, and Seagate Technology Holdings surged as Nvidia's CEO calls the market "completely unserved."
- Alumis skyrocketed after reporting positive late stage results on a psoriasis drug that rivals a J&J product.
- Aeva jumped after announcing that its 4D LiDAR technology will be used in Nvidia's autonomous vehicle architecture.
- Low-cost airline JetBlue took off, fueled by bullish options activity.
- Retail favorite Rocket Lab closed at a new all time high. Other space plays such as AST SpaceMobile and EchoStar also surged today.
- Zeta soared after announcing a collaboration with OpenAI to power its enterprise marketing agent.
- Vistra moved higher after announcing a deal to buy Cogentrix Energy, which owns 10 gas-fired power plants, in a $4.7 billion deal.
- Accenture rose after reaching a deal to acquire Faculty, a UK-based AI startup and Palantir rival.
- Moderna rallied after Bank of America raised its price target on the stock to $24 from $21.
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- Tesla dipped after Nvidia rolled out autonomous tech that could threaten Tesla's long-standing advantage by allowing rivals to buy the hardware, software, and safety infrastructure Tesla built for itself.
- AIG slid as the insurance company named a new CEO.
- Data center water cooling stocks Carrier, Trane Technologies, and Johnson Controls sank after Nvidia CEO Jensen Huang said that new AI racks won't need this equipment.
- Equifax and TransUnion dropped after the Director of the FHFA, Bill Pulte, questioned credit bureau pricing in a post on X.
- Gaming platform Roblox fell following reports of widespread outages overnight and a lowered price target from TD Cowen.
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Jensen Huang talks, Wall Street reacts. Read more. |
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Yesterday, bitcoin ETFs recorded their largest inflows since October 7, totaling $697.25 million, with BlackRock's iShares Bitcoin Trust taking the lion's share at $372.4 million, according to SoSoValue. Read more. |
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