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AI stocks lift S&P 500 0.6% as markets rise

By Drooid · Oct 28, 2026, 00:42 UTC · How we work

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Summary

AI-related stocks lifted U.S. markets, sending major indices higher.
The S&P 500 gained 0.6% to 7,722.60 points.
Broadcom shares rose 4% after a $63 billion financing deal to supply Anthropic with XPU AI accelerators.
CoreWeave jumped 7.9% after borrowing to purchase AI chips for cloud rentals.
General Motors climbed 5% after announcing a move from the NYSE to the Nasdaq.

History

After Nvidia’s shares surged 125% in 2020, fueling the first AI-driven rally that lifted its market value past $1 trillion in 2023, the company hit $2 trillion on March 1 2024 and $4 trillion by July 2025. That momentum now underpins today’s AI-focused rally, echoed by Broadcom’s $63 billion Anthropic financing and AMD’s 30% AI-related revenue rise.

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Historical Context

After Nvidia’s shares surged 125% in 2020, fueling the first AI-driven rally that lifted its market value past $1 trillion in 2023, the company hit $2 trillion on March 1 2024 and $4 trillion by July 2025. That momentum now underpins today’s AI-focused rally, echoed by Broadcom’s $63 billion Anthropic financing and AMD’s 30% AI-related revenue rise.

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