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AI Stocks Drive Market Rebound | US News
Wall Street surged Monday as AI stocks led the charge, with the Nasdaq climbing 1.1% and the Dow hitting a new record above 53,000. Broadcom’s 4.3% rebound—driven by Apple supply deals—was a key catalyst, reversing earlier losses. Despite overall market gains, individual S&P 500 stocks mostly fell, highlighting AI’s volatile ride. Globally, Europe and Asia dipped, except Hong Kong, which soared. Ahead, SK Hynix’s planned $28 billion U.S. IPO looms as a major test for AI valuations, while TeraWulf’s $19B Anthropic deal signals a bold pivot from crypto to high-performance computing. Listen in…
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