AMD Hits $1 Trillion Market Cap as Nasdaq Closes at Record High
AMD’s $1 trillion valuation and a record Nasdaq close were bolstered by a broader tech rally, with Meta gaining over 11% on AI app success and Bitcoin hitting new highs. However, Morgan Stanley cautions that rising energy prices and sticky yields could trigger a significant market correction.
Fool.com reports that Meta Platforms surged over 11% after its Muse AI agent topped Apple's app store downloads, while Bitcoin climbed above $87,000 for the first time since January. The outlet also notes that Morgan Stanley warns the S&P 500 faces a potential 7% decline if energy costs rise and the 10-year Treasury yield stays near 5%.
Source: fool.comAdvanced Micro Devices crossed the $1 trillion valuation threshold, driving the Nasdaq to a new closing peak despite rising Treasury yields.
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