12/7/2023, 7:16 PM (Source: TeleTrader)
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Nasdaq jumps by 1.5% pushed by tech gains

The Nasdaq 100 soared by 1.5% during Thursday's trading session on investors' optimism regarding various technological companies. Advanced Micro Devices Inc. (AMD) saw a rise of 8.30% in the price of its shares after it presented its new Instinct MI300 accelerator semiconductor. Meta Platforms Inc., which confirmed it will use the chip, also gained more than 3%.

Moreover, Google's parent Alphabet Inc. observed increases higher than 5% in both its Class A and Class C stock amid the launch of its new artificial intelligence (AI) model, Gemini. Among companies that registered significant growth were Airbnb Inc. and Sirius XM Holdings Inc.

The Dow Jones Industrial Average rose by 0.26% at 1:15 pm ET. At the same time, the Nasdaq 100 surged by 1.49% or 234 points. Meanwhile, the S&P 500 grew by 0.81%. The euro went up by 0.43% at 1:18 pm ET to sell for $1.08081.

Baha Breaking News (BBN) / JR