The S&P 500 closed 1.52% higher at 7,766.76 and the Dow Jones Industrial Average rose 0.79% to 52,090.00. Global trade in AI-enabling goods grew 42% year-on-year in the first quarter of 2026, representing 18.7% of world merchandise trade. Total worldwide data center capital expenditure is forecast to exceed $3 trillion by 2030, with the five largest US hyperscalers spending $697 billion in 2026, $173 billion above January forecasts.
Tuesday, October 20, 2026
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Nasdaq Hits New High of 27,132 in AI Trade Lifting AMD to $1 Trillion
US Markets29 days ago
Shares of semiconductor companies and AI developers rallied Monday to push the Nasdaq Composite 2.30% higher to 27,132.87, reaching its first all-time high since June 2. Meta shares rose 11.34% to $741.25, adding $192 billion in market capitalization after Wells Fargo increased its price target following the launch of the Muse AI agent. Advanced Micro Devices gained 9.95% to $615.52, crossing $1 trillion in market value for the first time, while Intel and Arm jumped 12.2% and 17% respectively.
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