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Tech-driven rally lifts Nasdaq to record close, Meta jumps

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Story summary
  • U.S. stocks surged on Monday as tech shares rallied and Brent oil fell below $100 per barrel.
  • Nasdaq Composite rose 2.2% to a record close, driven by ARM up 17% and Intel up 12%.
  • Meta Platforms jumped 11.4%, adding nearly $200 billion market value on Muse AI optimism.
  • AMD shares rose nearly 10% to reach a $1 trillion market valuation for the first time.