S&P 500 Hits Record High as Nvidia Surges on AI Partnerships
The S&P 500 climbed to a fresh all-time high, buoyed by Nvidia's 5% rally after the AI chipmaker announced strategic partnerships, including a $1 billion investment in Nokia. Royal Caribbean shares dipped on a weaker-than-expected outlook, while broader markets edged higher ahead of the Fed's rate decision.
Nvidia's keynote at its developers' conference sparked renewed optimism in AI-related assets, though the article makes no direct mention of cryptocurrency markets. The Nasdaq outperformed with a 0.8% gain as tech stocks led the advance.