๐ AI names powered a broad rally as oil and yields both retreated. The Nasdaq jumped 2.26% to a record close of 27,122.09, its first since June, while the S&P 500 climbed 1.49% and the Dow added 0.71%. ๐ฒ Advanced Micro Devices ($AMD ) surged 9.95% to $615.52, hitting a record high and crossing $1 trillion in market cap for the first time. The run follows Thursday comments from cloud provider Nebius that it will raise pricing on some AMD and Intel CPUs. ๐ Meta Platforms ($META ) soared 11.43% to $741.25, its best day since April 2025 and a sixth straight positive session. The move helped push the Roundhill Magnificent Seven ETF to a second consecutive record. โ๏ธ Critical Metals Corp ($CRML) rocketed 38.63% to $9.33 after Trump said the U.S. struck a deal with Denmark on Greenland's security status and will build a military presence there. The rare earth miner was one of several Greenland-linked names to spike. ๐ค Accenture ($ACN) jumped over 6% premarket after saying Friday it will partner with Anthropic and evaluate its models. Both companies plan to invest at least $1 billion in building capacity, coming shortly after Anthropic CEO Dario Amodei pushed for a slowdown in AI development. โฟ Bitcoin ($BTC) advanced 4% to $84,671, touching $85,229 for its highest level since January. The SEC opened a temporary path for tokenized stock trading and the CFTC sent crypto market rules to the White House, with more than $300 million in short positions liquidated over 24 hours. Coinbase ($COIN), Circle ($CRCL) and Strategy ($MSTR) each gained 5% premarket. ๐ข๏ธ Oil sold off hard despite weekend escalation, with Houthis attacking Saudi Arabia and Trump signaling he may meet Iran's president at the UN this week. WTI dropped 4.5% to $95.78 and Brent slid 3.4% to $100.34. The 10-year Treasury yield fell more than 4 basis points to 4.951%. ๐จ๐ปโ๐ป Researched and written daily by @tim_emino
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