The Latest Breaking News from Nasdaq

The S&P 500 Index ($SPX ) (SPY ) today is up +0.57%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.48%. September E-mini S&P futures (ESU25 ) are up +0.50%, and September E-mini Nasdaq futures...

The AI revolution is officially a $240 billion spending spree. Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google are pouring unprecedented capital into AI infrastructure, igniting what Wedbush analyst Dan Ives calls a “watershed moment” for technology.

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Thursday.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.70%. September E-mini S&P futures (ESU25 ) are up +0.53%, and September E-mini Nasdaq futures...

In a move that feels like science fiction come to life, Innovative Rocket Technologies Inc., the small New York launch startup backed by Bill Gates, Reid Hoffman, and Eric Schmidt through Village Global, announced on June 2 that it is gearing up for a $400 million special purpose acquisition company merger…

Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc. (NASDAQ:META) added over $400 billion in market capitalization after reporting robust earnings results on Wednesday, powered by artificial intelligence progress and roadmap, which is more than several big companies listed on the stock exchanges.

Cybersecurity stocks are leading the broader market, with the HACK ETF up over 16% YTD, as FTNT and PANW approach breakout levels after lengthy consolidations.

Shares of Meta Platforms, Inc. (NASDAQ:META) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.

Despite forecasting a grim future for Big Tech in mid-2020, venture capitalist Chamath Palihapitiya's short thesis on Meta Platforms Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) has not materialized, as both stocks have posted massive gains over the past five years.

Microsoft Corp. (NASDAQ:MSFT) is paying distinguished engineers up to $2.4 million annually, according to leaked internal compensation documents, revealing the software giant’s escalating investment in top-tier technical talent amid Silicon Valley’s heated artificial intelligence hiring war.

Nvidia Corp. (NASDAQ:NVDA) has come under renewed regulatory pressure in China, just weeks after a U.S. policy reversal opened the door for sales of its H20 artificial intelligence chip to the Chinese market.