Major US indices hit new highs, led by tech and AI-related stocks, while Cerebras shares surge in debut trading.
US equities closed at record levels, with the NASDAQ and S&P 500 posting gains of 0.88% and 0.77%, respectively. The Dow Jones Industrial Average also advanced, closing above 50,000 for the first time since February. The Russell 2000 rose 0.67%, reflecting broad market strength.
The S&P 500 settled at 7501.25, up 56.99 points, while the NASDAQ climbed 232.88 points to 26635.22. Nvidia shares reached a new all-time high of $235.74, rising 4.39% amid strong demand for AI chips.
Cerebras Systems, an AI chipmaker, saw its shares jump 68.3% to $311.26 in its market debut after pricing at $185. The stock peaked at $386.34 before paring gains, highlighting investor appetite for AI infrastructure plays.