Overview
- Stocks, which wavered Monday, ended with the S&P 500 and Nasdaq at fresh record closes as Nvidia jumped about 4% and reclaimed a market value above $5 trillion.
- Alphabet, Amazon, Meta, and Microsoft report results Wednesday after the bell, with Apple on Thursday, setting up a key read on whether heavy AI spending is starting to pay off.
- Prediction markets price a roughly 92% to 93% chance that Nvidia remains the largest company by June 30, with about $42,500 needed to move those odds five points in the Polymarket contract.
- The semiconductor surge is riding strong AI demand, underscored by TSMC’s first‑quarter revenue rising about 35% year over year, a sign the chip build‑out is still accelerating.
- Geopolitical strains are pressuring tech, with stalled U.S.–Iran talks keeping oil elevated as the Strait of Hormuz stays restricted, while recent data show hedge funds made one of their largest weekly pullbacks from U.S. tech in five years.