Stocks rise on AI optimism; Nvidia, Microsoft gain

Created at 31 May · 19:52 UTC36 sources↑ Market-relevant36 events

IN SHORT

Global stocks hovered near record highs, with tech shares leading the advance. Nvidia unveiled a new AI chip for PCs, boosting its shares and those of partner Microsoft. PC makers Dell and HP also saw significant gains. Micron shares surpassed $1,000. Meanwhile, oil prices pared gains as President Trump cited rapid talks with Iran.

Key Numbers

3.9%Nvidia share increase

2.5%Microsoft share increase

1.5%S&P 500 tech index gain

5.7%Micron share increase

$1,000Micron share price milestone

90%Micron share gain in May

0.43%Dow Jones Industrial Average decrease

0.05%S&P 500 decrease

0.11%Nasdaq Composite increase

1.1%STOXX 600 index decrease

3.1%AMD share decrease

4.4%Intel share decrease

6%Qualcomm share decrease

9%Dell share jump

7.3%HP share jump

$1,022Micron share price

Who's Involved

Key facts

Global stocks hovered near record highs.

Nvidia unveiled a new AI chip for laptops and desktops.

Nvidia shares rose 3.9%, and Microsoft shares gained 2.5%.

PC makers Dell and HP saw significant share increases.

Micron shares surpassed $1,000, extending its gain.

Oil prices pared their rally after President Trump cited rapid talks with Iran.

Global stocks are hovering near record highs, driven by optimism surrounding artificial intelligence and strong corporate earnings. Nvidia's announcement of a new AI chip for PCs, in partnership with Microsoft, has boosted tech stocks. However, escalating tensions between the U.S. and Iran, which had pushed oil prices higher, are now easing as President Trump cited rapid talks.

Stocks rise on AI optimism; Nvidia, Microsoft gain

PiQ Daily

Stocks rise on AI optimism; Nvidia, Microsoft gain

PiQ Daily

Key facts

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