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Report: SpaceX, Anthropic and NVIDIA news lifts tech shares

ITHome, citing The Wall Street Journal, reported that news of SpaceX profitability, strong Anthropic revenue growth and upbeat NVIDIA remarks lifted technology shares. The Nasdaq Composite rose 1.1%, the S&P 500 gained 0.6% and the Dow added 0.7%. Concerns about aggressive data center expansion persisted, with CoreWeave falling 0.5%.

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What to know

  • 01

    The report said Musk announced that SpaceX was profitable and raised the possibility of a merger with Tesla.

  • 02

    NVIDIA shares rose 2.5%, AMD gained 3.4% and Texas Instruments added 2.5%.

Why it matters

The rebound came alongside continuing concerns about AI investment and should not be read as an end to market doubts.

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