Despite a sluggish start to the week, the Dow Jones reluctantly rose by 0.05%. No need to clap — it tried its best. Meanwhile, its more lively friends put on a real show: the S&P 500 increased by 0.74%, and the bold, cheeky Nasdaq Composite jumped by as much as 1.26%. Who's doing well? Nasdaq is doing well.
Tesla (+9.8%) decided that today was the day to relive its youth. The company’s stocks soared. Against the backdrop of optimistic expectations for electric vehicle sales and rumors of new developments in AI, investors flocked to Tesla.
Nvidia (+4.3%) They once again posted growth fueled by the unending hysteria surrounding artificial intelligence. Every other startup today dreams of a server powered by Nvidia chips.
And now here comes the serious moment: the 1.26% rise in the Nasdaq Composite is no joke. Why? Because the Nasdaq is primarily technology. And technology today is the new oil. And whoever controls technology controls the future.
Fact: over the last month, the Nasdaq has already risen by more than 4%. Over the year — almost 18%!
Fact #2: Tesla's market capitalization increased by about 70 billion dollars on Friday.
But let's not forget: the fun in the markets often resembles a party at a neighbor's house who hasn't paid the electricity bill. Everything is great... until the lights go out.
