US Stocks Surge to New Highs on AI Economic Strength
Stocks swung higher to new records on Tuesday as more strength from the AI economy offset the ongoing impasse between the U.S. and Iran. Chip producers and companies in the AI infrastructure space extended the momentum that has carried equity indices this year, including Broadcom, which advanced ahead of the company's earnings report due tomorrow.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alphabetis looking to raise, including an investment from Berkshire Hathaway, to fund expansion of its AI infrastructureHP Enterpriseshares surged after the company gave an annualciting massive growth in demand for its servers and networking productsDollar Generalreportedand raised its FY26 EPS viewMarvellis set to be theNvidiaCEO Jensen Huang saidPresident Trump signed angranting the federal government oversight of AI models2. WALL STREET CALLS:Meta Platformsto Buy from Neutral at AreteWedbushTripAdvisorto Outperform on "underappreciated catalysts"Intuitto Sell at Goldman SachsNubankto Underperform at BofAPiper SandlerFulcrum to Underweight after sickle cell development stopped3. AROUND THE WEB:Tencentis close to launching an AI agent for WeChat, FT saysArmCEO Rene Haas said the U.S. will have difficulty blocking the export of CPUs to China because of their widespread use, Reuters reportsA merger between Estee Lauderand Jean Paul Gaultier-owner Puigfailed to go through due to the price tag of the transaction, but the company was still open to acquisitions if it made financial sense, Reuters saysGE Vernovawas denied its request for a court to reconsider a ruling blocking the company from ending its contract for the Vineyard Wind 1 offshore wind project, Renewables Now reportsNvidiaCEO Jensen Huang told the Computex conference in Taiwan that Anthropic, OpenAI and SpaceX are among the first big users of its upcoming microprocessor, Bloomberg says4. MOVERS:Legend Biotechrose after presentingfor LB2501 at the EHA CongressSTMicroelectronicsrises in New York after increasing its FY26 data center review guidancehttps://pro.thefly.com/STMVerra Mobilitydeclined afterCEO David Roberts will step downCelcuityfell afterfrom its PIK3CA mutant cohort of the Phase 3 VIKTORIA-1 clinical trial of gedatolisibXometryclosed lower after announcing apriced at $855. EARNINGS/GUIDANCE:Signet Jewelersreportedand narrowed its guidance for FY27Donaldsonreported, with EPS and revenue beating consensusVictoria's Secretreported, with CEO Hillary Super commenting on "a very strong start to 2026"Oddityreported, with EPS missing consensusAveannafor FY26INDEXES:The Dow rose 228.91, or 0.45%, to 51,307.79, the Nasdaq gained 7.09, or 0.026%, to 27,093.90, and the S&P 500 advanced 9.82, or 0.13%, to 7,609.78.
