S&P 500 Tops 7,600 as Nvidia Chip Launch Lifts Wall Street

Gotrade News - The S&P 500 closed at a record 7,600.25 on Monday, rising 0.3 percent. The Nasdaq Composite gained 0.4 percent to 27,086.81 and the Dow Jones added 0.1 percent to 51,078.94.

The rally followed Nvidia's launch of its new RTX Spark processor for Windows PCs. All three major US benchmarks logged simultaneous record closes during the same session.

Key Takeaways

• The S&P 500 closed above 7,600 for the first time, ending 0.3 percent higher.
• Nvidia shares jumped 6.3 percent after unveiling the RTX Spark chip for Windows PCs.
• Dell rose 10 percent while Intel fell 4 percent as the chip cycle pivoted.

The AI PC Chip Cycle

According to Metro TV, Nvidia (NVDA) shares advanced 6.3 percent on the RTX Spark announcement. Microsoft also gained more than 2 percent on stronger demand for AI-capable Windows machines.

As reported by Katadata, Dell Technologies (DELL) climbed 10 percent as a key PC assembly partner. HP advanced 8 percent while Intel dropped 4 percent on fading dominance in legacy PC chips.

Index and Sector Context

The broader gains lifted passive vehicles such as the Vanguard S&P 500 ETF (VOO). Energy was the only other S&P sector higher after WTI crude jumped 5.93 percent to US$92.54 per barrel.

Marathon Petroleum rose 4 percent, Exxon Mobil added 2.8 percent, and Chevron gained 1.9 percent. Per Metro TV, analyst Tim Holland said US-Iran talks still trend toward de-escalation despite setbacks.

Sources

• Wall Street Cetak Rekor Berkat Peluncuran Cip Baru Nvidia (Katadata)
• Wall Street Melonjak, S&P Ditutup di Atas 7.600 untuk Pertama Kalinya (Metro TV)