S&P 500 and Nasdaq notch record-high closes as Oracle soars on AI optimism

Its stock market value reached $922 billion, leapfrogging the values of Artificial intelligence-related chip stocks also rallied, with Nvidia up 3.8%, Broadcom jumping 10% and Advanced Micro Devices climbing 2.4%. The PHLX chip index rose 2.3% to a record high. Data center power suppliers also benefited, with Constellation Energy, Vistra and GE Vernova all rising more than 6%.Live Events Apple, viewed by many investors as lagging in the race to dominate AI, declined 3.2%, sliding for a fourth straight se ...