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Nasdaq 100 Reaches Record Highs, Service Sector Strength Alleviates Economic Slowdown Concerns, Magnificent 7 Hits $15 Trillion Valuation: What’s Driving Markets Wednesday?

Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days.

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Nvidia Nears Certification Of Samsung’s AI Chips As Market Rivalry With SK Hynix Surges

Nvidia Corp. (NASDAQ: NVDA) is nearing the completion of its certification for Samsung Electronics' (OTC: SSNLF) high-bandwidth memory (HBM) chips, essential for AI platform training. Nvidia CEO Jensen Huang confirmed at Computex that the company is evaluating HBM chips from Samsung and Micron Technology (NASDAQ: MU).

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