AI Stocks Drive Market Rebound | US News

Wall Street surged Monday as AI stocks led the charge, with the Nasdaq climbing 1.1% and the Dow hitting a new record above 53,000. Broadcom’s 4.3% rebound—driven by Apple supply deals—was a key catalyst, reversing earlier losses. Despite overall market gains, individual S&P 500 stocks mostly fell, highlighting AI’s volatile ride. Globally, Europe and Asia dipped, except Hong Kong, which soared. Ahead, SK Hynix’s planned $28 billion U.S. IPO looms as a major test for AI valuations, while TeraWulf’s $19B Anthropic deal signals a bold pivot from crypto to high-performance computing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1febd48df8484c41