US Stocks Reach Record Highs on AI and Energy Gains

Major US indices reached record highs on Monday as a rally in technology and energy sectors offset declines in most other areas of the market. Investors focused on new AI chip launches from Nvidia and a confidential IPO filing by Anthropic while monitoring ongoing ceasefire negotiations between the US and Iran.

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United States stock indices reached record highs on June 1 as AI-driven gains and geopolitical talks boosted investor sentiment. The S&P 500, Nasdaq, and Dow Jones climbed despite only two sectors posting gains. Narrow market leadership intensifies the focus on AI capex as the primary driver of global equity returns.

AI Hardware Demand Drives Concentrated Gains

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