[B]Date: 23rd September 2025.[/B]
[B]Wall Street Hits Third Record in a Row as Nvidia’s $100 Billion OpenAI Deal Sparks Big Tech Rally.[/B]
US stocks extended their winning streak on Monday, with the Dow Jones, S&P 500, and Nasdaq Composite all closing at fresh records, driven by a surge in megacap technology shares led by Nvidia.
Major Indexes Keep Breaking Records
The Dow Jones Industrial Average (^DJI) added 0.2% to finish at 46,381.54. The S&P 500 (^GSPC) rose nearly 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) climbed 0.7% for its third consecutive all-time high.
Nvidia Leads Big Tech Gains With $100 Billion OpenAI Investment
AI-chip leader Nvidia (NVDA) jumped almost 4% to a record close of $183.61 after announcing plans to invest up to $100 billion in OpenAI, the maker of ChatGPT. The landmark deal includes a commitment to deploy at least 10 gigawatts of Nvidia chips to power OpenAI’s AI infrastructure beginning in 2026.
Other tech giants also gained. Apple (AAPL) rose more than 4% to its highest level since December 2024 after Wedbush boosted its price target to $310. Tesla (TSLA) extended its bull run, rallying near a 2025 high on expectations for self-driving products and CEO Elon Musk’s $1 billion stock purchase last week. Oracle (ORCL) climbed 6% after being officially named as a lead investor in the new US-based TikTok venture.
ASML, Constellation and Vistra Catch Analyst Upgrades
ASML Holding (ASML), the critical supplier of extreme ultraviolet (EUV) chipmaking machines, jumped almost 3% after Morgan Stanley upgraded the stock to Overweight with a €950 ($1,120) target, citing strengthening AI-driven demand.
Nuclear-energy names Constellation Energy (CEG) and Vistra (VST) also rallied after a bullish Scotiabank call amid soaring data-centre power needs.
Gold Hits Record, Crypto Slides on Liquidations
Safe-haven gold (GC=F) surged to a new all-time high above $3,750 per ounce as traders priced in two more Federal Reserve rate cuts before year-end 2025.
In contrast, bitcoin (BTC-USD) and other cryptocurrencies tumbled, with more than $1.5 billion in bullish positions liquidated overnight. Ether (ETH-USD) fell 6%, Solana (SOL-USD) lost more than 7%, and Dogecoin (DOGE-USD) dropped 10%.
What’s Next: PCE Data and Fed Speakers in Focus
Markets now turn to Friday’s release of the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index. A softer-than-expected reading could strengthen expectations of an October rate cut. Traders will also parse remarks from Fed Chair Jerome Powell and newly installed governor Stephen Miran, who on Monday said interest rates should be about two percentage points lower.
At the same time, investors are watching for fallout from President Trump’s new immigration visa fee plan, which has already prompted urgent internal memos at Microsoft (MSFT) and Goldman Sachs (GS).
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[B]Andria Pichidi
HFMarkets[/B]
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