Post-Bell | Wall St Indexes Post Record Closing Highs Again; Tesla Gains 2%; Apple and Nvidia Jump 4%; Oracle Surges 6%; Metsera Soars 61%

All three major U.S. stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAI.

Market Snapshot

The Dow Jones Industrial Average rose 66.27 points, or 0.14%, to 46,381.54, the S&P 500 gained 29.39 points, or 0.44%, to 6,693.75 and the Nasdaq Composite gained 157.50 points, or 0.70%, to 22,788.98.

Market Movers

Oracle - Oracle gained 6.3% after a senior White House official said a joint venture would be formed to manage a U.S. version of TikTok. The venture will be owned by a mix of U.S. and global companies that are already invested in ByteDance, TikTok’s Chinese owner, and newcomers that include Oracle, which will keep providing cloud services for the app.

Oracle announced it would promote Clay Magouyrk and Mike Sicilia to the role of co-CEOs; the current chief executive, Safra Catz, become executive vice chair of the board. Magouyrk previously served as president of Oracle Cloud Infrastructure, the company’s AI cloud provider. Sicilia was president of Oracle Industries, which provides enterprise customers cloud applications embedded with AI, such as AI agents.

Nvidia - Nvidia jumped 3.9% after announcing plans to invest up to $100 billion in OpenAI, the maker of ChatGPT. The partnership “enables OpenAI to build and deploy at least 10 gigawatts of AI data centers with Nvidia systems representing millions of GPUs for OpenAI’s next-generation AI infrastructure,” the companies said in a statement. The first phase is projected to come online during the second half of 2026 using Nvidia’s upcoming Vera Rubin platform. Nvidia’s investment in OpenAI will be done as each gigawatt is deployed.

Tesla - Tesla was up 1.9% to $434.21. Piper Sandler analyst Alexander Potter boosted his price target on the stock to $500 from $400 following a trip to China. Competition is increasing among electronic vehicle makers, but with respect to “real world” artificial intelligence, Tesla is the leader, he said. “Bottom line: Tesla remains our top idea for investing in autonomous vehicles and robotics,” Potter wrote.

Fox Corporation Class A - Class A shares of Fox Corp. rose 3%. President Donald Trump said Rupert Murdoch and son Lachlan Murdoch were probably going to be part of the investor group forming to own TikTok. Lachlan Murdoch is chair of News Corp, the owner of Barron’s publisher Dow Jones, and also serves executive chair and CEO of Fox Corp. Rupert Murdoch is chairman emeritus of News Corp and Fox.

Coinbase, Strategy - Crypto exchange Coinbase Global fell 3.1%, mirroring a drop in the price of Bitcoin. The world’s largest crypto has declined 2.9% over the past 24 hours. Coinbase often reacts to changes in crypto prices and market sentiment, and shares have more than doubled in value over the past 12 months. Bitcoin-buyer Strategy was down 2.6%.

Teradyne - Teradyne surged 12.8% to $135.18. Susquehanna analysts reiterated a Positive rating and hiked their price targetto $200 from $133, arguing that the maker of semiconductor test equipment had the potential to gain further market share.

Metsera - Metsera soared 60.8% to $53.58 after Pfizer agreed to buy the maker of weight-loss drugs for $7.3 billion. As part of agreement, Pfizer would pay Metsera $47.50 a share in cash, and a further $22.50 if certain performance milestones were met. Pfizer shares were flat.

Kenvue - Kenvue was down 7.5%. President Donald Trump is expected to make an announcement later Monday linking autism in children to Tylenol use during pregnancy, according to multiple reports. Kenvue, the maker of Tylenol, has said it believes “there is no causal link between acetaminophen use during pregnancy and autism.”

Premier - Premier, a provider of healthcare improvement solutions, rose 9.7% to $28.25 after reaching an agreement to be acquired by investment firm Patient Square Capital for $28.25 a share in cash, or about $2.6 billion.

Anywhere Real Estate, Compass - Anywhere Real Estate soared 45.5% to $10.29. Real-estate brokerage Compass said it would acquire its smaller rival, which owns Century 21 and Coldwell Banker, in an all-stock deal that values Anywhere at $13.01 a share based on the 30-day volume-weighted average price of Compass. Shares of Compass, meanwhile, sank 15.7%.

Firefly Aerospace - Firefly Aerospace, the developer of rockets and orbital vehicles, rose 9.6% ahead of its second-quarter earnings report, which is scheduled after the closing bell Monday. Firefly went public in August.

Market News

Nvidia to Invest up to $100 Billion in OpenAI, Linking Two Artificial Intelligence Titans

Nvidia will invest up to $100 billion in OpenAI and supply it with data center chips, the companies said on Monday, marking a tie-up between two of the highest-profile players in the global artificial intelligence race.

The move underscores the increasingly overlapping interests of the various tech giants developing advanced AI systems. The deal gives chipmaker Nvidia a financial stake in the world's most prominent AI company, which is already an important customer.

At the same time, the investment gives OpenAI the cash and access it needs to buy advanced chips that are key to maintaining its dominance in an increasingly competitive landscape. Rivals of both companies may be concerned the partnership will undermine competition.

The deal will involve two separate but intertwined transactions, according to a person close to OpenAI. Nvidia will start investing in OpenAI for non-voting shares once the deal is finalized, then OpenAI can use the cash to buy Nvidia’s chips, the person said.

Google Seeks to Avoid Ad Tech Breakup as Antitrust Trial Begins

Alphabet's Google is seeking to avoid a forced sale of part of its online advertising business in its latest face-off with U.S. antitrust enforcers that began on Monday in Alexandria, Virginia.

The trial is the government's next best shot at curbing what a judge has ruled is Google's monopoly power, after losing a separate bid to make Google sell its Chrome browser earlier this month. Online publishers and rival ad tech developers, some of whom have separately sued Google for damages, will be watching the case closely.

The U.S. Department of Justice and a coalition of states are trying to make Google sell its ad exchange, AdX, where online publishers pay Google a 20% fee to sell ads in auctions that happen instantly when users load websites. The government is also seeking to require Google to make the mechanism that decides the winner of those auctions open source.

Trump Team Says TikTok Deal Nears, with Oracle, Silver Lake Among Investors

US President Donald Trump this week will declare that a deal to divest TikTok's U.S. operations from its Chinese owner ByteDance will meet requirements set out in a 2024 law, a White House official said on Monday, adding that investors will include Oracle and private equity firm Silver Lake.

ByteDance will own less than 20% while TikTok US will be controlled by a mix of its existing U.S. and global firms as well as a significant number of new investors who have no affiliation with ByteDance, the official said. Reuters reported many of the details on Saturday.

The full slate of investors is not yet finalized. "It's going to be real household names," the official added, saying that Trump will sign an executive order certifying that the deal is legal under the law.