US stocks closed higher as AI-driven tech rally lifted the Nasdaq and S&P 500 to fresh record highs. Nvidia gained after unveiling a new chip bringing AI capabilities to laptops, while Micron crossed $1,000 for the first time. Geopolitical tensions with Iran and upcoming jobs data kept sentiment cautious.
SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with strict lock-in rules covering most stock including Elon Musk’s holdings. The filing also highlights Nvidia chip-powered AI compute deals, water scarcity risks, and valuation targets between $1.8 trillion and over $2 trillion.
Anthropic has confidentially filed for a US IPO, marking a major step in the AI sector’s expansion on Wall Street. The move highlights strong investor interest in artificial intelligence firms after rapid valuation gains, with the company recently valued at $965 billion, intensifying competition with rivals like OpenAI.
Benchmark indices Sensex and Nifty fell for a fourth straight session amid elevated crude oil prices, geopolitical tensions and persistent selling pressure. Market breadth remained weak, technical indicators turned bearish, while select stocks including Wockhardt and NMDC Steel attracted buying interest and hit fresh highs.
Indian benchmark indices extended losses for a fourth straight session as FII selling and geopolitical concerns hurt sentiment. Amid the weakness, analysts recommend NMDC and Laurus Labs, citing bullish chart patterns, strong momentum, breakout formations and favorable technical indicators for further upside.
Fuel price volatility has prompted airlines across the globe to hike passenger fares and baggage fees to recover higher costs, as well as cut flight frequency and routes to limit fuel usage.
Ola Electric Mobility has launched its qualified institutional placement (QIP) and set a floor price of Rs 37.74 per share. The company may offer up to a 5% discount, while the final issue price and fundraising size will be determined through the book-building process.
EasyJet responded on Monday by saying it has not held talks with Castlelake but it would assess any potential offer if one was made, noting its stock price was "temporarily depressed" by the war's impact on jet fuel prices and customer confidence.
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