Nasdaq Surges Past 20,000 After Tech Gains

Oracle is emerging as a key player in AI data center infrastructure, potentially reaching a $1 trillion valuation as it expands its capabilities with Nvidia's GPUs. The company's Oracle Cloud Infrastructure is set to allow developers access to an unprecedented 131,000 GPUs, significantly enhancing AI development. Concurrently, the 'Magnificent Seven' tech giants—Alphabet, Amazon, Meta, and Tesla—are achieving new stock highs, contributing to a historic rise of the Nasdaq, which has crossed 20,000 for the first time. Alphabet's recent 11% rally was fueled by the launch of a new quantum computing chip, which is seen as a significant advancement in practical applications. Tesla's shares also surged following optimistic market sentiment linked to the new administration's potential regulatory changes. Overall, these developments underscore a robust growth phase for AI and tech companies amid a stable inflation environment.