Tech giants help lift U.S. stocks to fresh records

By Admin

24 Sep, 2025

Wall Street kicked off the week on a high note as technology heavyweights once again propelled U.S. equity indices to fresh records. Gains by Nvidia, Apple, and Oracle helped overcome early weakness and concerns about market overvaluation, fueling another strong session for American stocks.

Major Indices Reach New Heights

For the third consecutive session, all three major indices set new all-time peaks. The Nasdaq Composite Index, led by technology shares, climbed 0.7 percent to 22,788.98. The Dow Jones Industrial Average added 0.1 percent to 46,381.54, while the S&P 500 rose 0.4 percent to 6,693.75.

Analyst Patrick O’Hare of Briefing.com noted that after a sluggish start, investors embraced a familiar “buy-the-dip” strategy. “The AI trade kicked in with news about Nvidia’s investment in OpenAI,” he explained.

Nvidia Leads the AI Charge

Nvidia surged 4.0 percent after announcing plans to invest up to $100 billion in OpenAI. The investment will be used to build infrastructure for next-generation artificial intelligence, reinforcing Nvidia’s position as a dominant player in the rapidly growing AI sector.

Oracle Restructures Leadership, Surges on AI Push

Oracle shares soared 6.3 percent after the company revealed a major leadership shift. Clay Magouyrk and Mike Sicilia will take over as co-chief executives, while longtime CEO Safra Catz transitions to executive vice chair.

The restructuring comes as Oracle ramps up its AI initiatives and prepares to provide security for a U.S. version of TikTok’s algorithm, under an agreement brokered by the Trump administration. A senior White House official confirmed that the arrangement will place TikTok’s American operations into a U.S.-based entity.

Apple Extends Rally on iPhone Demand

Apple jumped 4.3 percent, continuing a rally driven by strong consumer demand for its latest iPhones. The positive momentum underscores investor confidence in Apple’s ability to deliver growth even in a competitive smartphone market.

Pharma Moves: Pfizer Acquires Metsera

In healthcare, Pfizer edged up 0.1 percent after announcing a $4.9 billion acquisition of Metsera, a company developing treatments for obesity and heart disease. The news sent Metsera shares skyrocketing by 60.8 percent.

What’s Next for Markets

This week brings significant events that could influence market sentiment further. Federal Reserve Chair Jerome Powell is set to deliver a speech on Tuesday, followed by the release of key inflation data on Friday. Both will be closely monitored as investors gauge the outlook for monetary policy and economic stability.