PT Solid Gold Berjangka | Wall Street Rises as Tesla Soars on AI Optimism

01:16 12 September in Market, SOLID GOLD BERJANGKA | SOLID GROUP

The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week.

Tesla (TSLA.O) rallied after Morgan Stanley upgraded the electric car maker to “overweight” from “equal-weight,” saying its Dojo supercomputer could boost the company’s market value by nearly $600 billion.

Other megacaps also rose, with Amazon (AMZN.O) and Microsoft (MSFT.O) making gains.

Meta Platforms (META.O) jumped after a report on Sunday said the social media platform was working on a new, more powerful AI system.

According to preliminary data, the S&P 500 (.SPX) gained 30.24 points, or 0.68%, to end at 4,487.73 points, while the Nasdaq Composite (.IXIC) gained 158.83 points, or 1.15%, to 13,920.35. The Dow Jones Industrial Average (.DJI) rose 89.89 points, or 0.26%, to 34,666.48.

Qualcomm (QCOM.O) advanced after the chipmaker signed a new deal with Apple (AAPL.O) to supply 5G chips to the iPhone maker until at least 2026. Other chipmakers declined, with Nvidia (NVDA.O) down 1.1%.

Source : Reuters


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