"Technology stocks are leading the way, including a 2.3% jump in Nvidia ( Nasdaq: NVDA), which is helping to buoy broader market sentiment. All three of the major stock market averages are seeing green today as the markets barrel toward the end of the year. In a signal of a strong consumer, Shopify ( Nasdaq: SHOP) reported that merchants on its platform rang up a record $14.6 billion in sales over the Black Friday to Cyber Monday stretch, a 27% jump year-over-year. Meanwhile, the markets are bracing for an announcement from President Trump this afternoon, speculating on the potential impact to stocks."
"Dell Technologies ( Nasdaq: DELL) stock is rising 3.1% after CEO Michael Dell and his wife Susan have announced a $6.25 billion investment to bankroll a charitable fund for America's kids, a strategy inspired by hedge fund manager Brad Gerstner. Wells Fargo nudged its price target on Amazon ( Nasdaq: AMZN) to $295 from $292 and reaffirmed its "overweight" call on the stock. Technology partnerships continue to unfold in the current AI revolution. Most recently, Advanced Micro Devices ( Nasdaq: AMD) and HP Enterprise ( NYSE: HPE) are expanding their tie-up to speed up "the next generation of open, scalable AI infrastructure built on AMD leadership compute technologies," according to the companies."
Markets moved higher after a rocky start, with technology stocks leading the rally and Nvidia up about 2.3%. Shopify merchants recorded $14.6 billion in Black Friday to Cyber Monday sales, a 27% year-over-year increase. All three major averages traded higher as investors awaited an announcement from President Trump. Dell announced a $6.25 billion charitable investment by Michael Dell and his wife. Wells Fargo raised its Amazon price target to $295 and kept an overweight rating. AMD and HPE expanded an AI infrastructure partnership, and MongoDB surged about 26% on stronger-than-expected quarterly earnings.
Read at 24/7 Wall St.
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