MarketCatalystNvidia hit a new all-time intraday high of $239.86 on Monday, lifting its market value to about $5.78 trillion as AI infrastructure spending and a record-setting quarter keep investors buying.
Tech powered the Nasdaq to a record close as oil dropped 2% and the 10-year yield rose to 5.31%, while PTC, Cerebras and SpaceX jumped, Micron and Qualcomm slipped, and Fed minutes loom on Wednesday.
Micron shares are flat after a blowout quarter as investors fear a cyclical peak, yet August memory sales jumped 36% and analysts expect DRAM and NAND prices to keep climbing in the fourth quarter.
Sterling Infrastructure has fallen about 46% from its June record even as Q2 revenue rose 90% and backlog hit $5.6 billion. A stretched valuation, margin-mix worries, execution risk and $96 million of insider selling explain the gap between the stock and the business.
A head fake is a move that looks like a breakout, pulls traders in, then snaps hard the other way. Learn how the trap works, why it tends to form at obvious levels, the warning signs, and a five-question checklist for any breakout.
Only 11% of 396 organizations forecast their AI spending within 10%, and a test of 6,800+ tasks found cheaper models cost more than premium ones 32% of the time, as token use swings by model, task and even repeat runs of the same prompt.