Dow Hits 47,000; Nvidia Soars to New Highs, Partners on AI
Markets surged today, with the Dow Jones Industrial Average breaching 47,000 for the first time. Nvidia shares held steady after hitting a new high above $190. Meanwhile, tech giants and semiconductor companies reported mixed results.
Nvidia's stock has been on a roll since last summer's split, reaching above $190 today. The tech giant also announced a partnership with ThunderSoft to develop customizable AI agents for various industries.
In another significant development, Fujitsu and Nvidia expanded their collaboration to provide comprehensive AI infrastructure. This comes as the S&P 500 and Nasdaq 100 reached new highs, with several members, including NXP Semiconductors, Datadog, Microchip Technology, and Micron, rising between 1.8 and 3.1 percent.
However, not all tech stocks fared well. Applied Materials fell by 2.3 percent due to a decrease in net sales caused by new regulations.
In other news, Hitachi and OpenAI signed a memorandum of understanding to collaborate on AI infrastructure and data centers worldwide. Meanwhile, the new Boeing 777X jet faces further delays, with the earliest possible launch date pushed back to 2027.
Today's market saw a mix of gains and losses among tech and semiconductor companies. Nvidia's steady rise and partnerships, along with the Dow's new milestone, highlight the optimism in the tech sector. However, regulatory challenges and project delays, as seen with Applied Materials and Boeing, also came into focus.
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