Bullish signals from three different links of the AI chain helped the Nasdaq Composite undo most of Friday’s selloff. SpaceX raised $1 billion in a new funding round, valuing the rocket maker at $350 billion. Anthropic secured $2 billion in new investment from a consortium including Nvidia and Google, pushing its valuation to $60 billion. Nvidia itself announced a new AI chip architecture, reinforcing its dominance in the semiconductor space. The combined news lifted the Nasdaq Composite by 2.1%, reversing losses from the previous session. Analysts say the moves reflect continued confidence in artificial intelligence’s long-term growth, despite recent volatility.
The S&P 500 also rose, while the Dow Jones Industrial Average gained modestly. Investors are watching for further developments in AI infrastructure and enterprise adoption.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing