Nasdaq 100 Hits Record High Amid AI Frenzy, Tesla Speculation

The Nasdaq 100 surged to an all-time intraday high of 25,008.08, fueled by a 26% rally in Advanced Micro Devices (AMD) after OpenAI revealed plans to acquire up to a 10% stake in the chipmaker. The deal, structured around AMD's Instinct GPU deliveries, underscores the intensifying demand for AI infrastructure.

Tesla shares gained traction following cryptic teaser videos posted on X, sparking speculation about either a Roadster revival or a new mass-market vehicle. The tech-heavy index has now delivered a 19% year-to-date return, rebounding sharply from April's 18.5% slump during peak trade war anxieties.

While the AI boom propels markets, analysts caution about stretched tech valuations. Geopolitical risks and potential slowdowns in AI spending could trigger volatility. Attention now shifts to upcoming earnings and economic data for directional cues.