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Stocks Get Tech Lift as Nvidia Rekindles AI Enthusiasm: Closing Bell
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September 22, 2025
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10:47Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
Wall Street traders defied calls for a breather after a $15 trillion stock rally from April lows, with Nvidia Corp. boosting optimism on artificial intelligence after pledging to invest as much as $100 billion in OpenAI.
Tech led gains in the S&P 500, with the US equity benchmark hitting its 28th record this year. The world’s largest chipmaker rallied about 4%. Its investment is intended to help OpenAI build data centers with a capacity of 10 gigawatts of power using Nvidia’s
advanced AI chips to train and deploy OpenAI’s models.
Action was relatively muted in the bond market, with US yields slightly higher ahead of this week’s key inflation gauge and a trio of Treasury auctions. The dollar halted a three-day gain. The crypto world got hit. Gold rose to a record.
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