The S&P 500 Index ($SPX) (SPY) today is up +0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.25%.
Stock indexes today are mildly higher, with the S&P 500 and Nasdaq 100 climbing to new all-time highs and the Dow Jones Industrials posting a 1-week high. A rally in chipmakers is leading the overall market higher, led by a +3% jump in Nvidia to a record high after the CEO of Dell Technologies tweeted that his company is building an AI factory with Nvidia to power Elon Musk’s xAI’s Grok supercomputer. Also, Dell and Sumer Micro Computer are rallying today after Elon Musk said the companies will provide server racks for his xAI Grok supercomputer.
