Nasdaq hits record close as AI rally lifts index 2.26%
The Nasdaq Composite rose 2.26% on Monday, posting its first record close since June as an artificial‑intelligence rally boosted tech‑heavy stocks. The gain helped the S&P 500 log its best day since early August, while AI‑linked names such as Intel, AMD and Qualcomm led the advance. Advanced Micro Devices saw its market value reach $1 trillion for the first time, joining Nvidia in the…
Key points
- Nasdaq Composite rose 2.26% to a record close, its first since June.
- Advanced Micro Devices hit a $1 trillion market cap, joining Nvidia.
- Paramount‑Skydance settled antitrust case, pledging more domestic production and an editorial board, aiming to close merger in about two weeks.
Paramount and Skydance settled the antitrust lawsuit brought by a coalition of state attorneys general over their planned $110 billion merger with Warner Bros. Discovery. The agreement requires Paramount to increase domestic production and create a new board to oversee editorial independence at CBS and CNN. CEO David Ellison said the merger could close in about two weeks. OpenAI released safety and security proposals urging global standards for frontier models, while Treasury Secretary Scott Bessent and President Donald Trump each weighed in on developer responsibility and potential regulation of AI.
The story so far
2 episodes →- Nasdaq hits record close as AI rally lifts index 2.26%this story
Nasdaq's new record, Paramount settles lawsuit, press pool suspends coverage and more in Morning Squawk
CNBC Technology · 22 September 2026
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