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Markets Surge as AI Stocks Lead | Lubbock News
Description
Wall Street’s dancing stocks hit new highs as August kicks off strong, with the S&P 500 and Dow climbing while the Nasdaq dips slightly. Solid earnings from big names like Disney and Booking Holdings fuel optimism, even as SpaceX’s stumble hints at shifting AI chip dynamics—Nvidia soars on SpaceX’s exclusive AI chip deal, while AMD feels the squeeze. Investors now focus on real revenue and earnings from AI bets, with Nvidia and Micron leading the charge. Oil prices hold steady, easing inflation fears, as markets await Friday’s jobs report for the next economic clue.
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