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The appetite for any stock related to AI and data centres continued to rage on Tuesday, sending the New York and even Toronto indices to record closes. The S&P climbed 0.13% higher, the Nasdaq 0.03%, the Dow 0.45% and the TX 1.25% or 434 points to 35,109. Nvidia CEO Jensen Huang declared that Marvell will be the next trillion-dollar company. Marvell‘s shares then rocketed 32.52%. Also soaring was HP after a blow-out quarter, up 19.47%. Coherent jumped 17.63%, though Trade Desk tumbled 9.13%. The U.S. 10-year yield slipped modestly to 4.453%, while Bitcoin fell over 6% to US$66,910.

The TSX rallied to record highs on the strength of energy, materials and financials. Healthcare was among only three sectors to lose ground. Notable names included Celestica up 10.98%, CNQ 2.8%, BlackBerry 5.88%, Energy Fuels 10.89% and Discovery Silver 10.78%. Silver edged up 0.45% to US$75.05 while gold added US$5 to US$4,489. WTI ground 1.55% higher to US$93.60.

🧬 Marvell Technology Group (MRVL) +32.52%

💾 Hewlett-Packard Co (HPQ) +19.47%

🧬 Coherent Corp. (COHR) +17.63%

💾 Trade Desk (TTD) -9.13%

🅱 Bitcoin (BTCUSD) (BTC-USD) -6%

🧬 Celestica Inc. (CLS) +10.98%

🛢 Canadian Natural Rsrcs (CNQ.TO) +2.8%

📱 BlackBerry (BB.TO) +5.88%

🛢 Energy Fuels Inc. (EFR.TO) +10.89%

🥈 Discovery Silver (DSV.TO) +10.78%

The month began with mixed news from the Middle East after Iran ended peace talks and continued blocking the flow of oil, but later Trump announced that he was resuming these talks. Meanwhile, Nvidia CEO, Jensen Huang, announced that AI posed no threat to software companies. These two developments pulled American indices out of the red and into positive territory: the S&P up 0.26% and the Nasdaq 0.42%, both to record highs,and the Dow 0.09%.WTI spiked 5.7% to US$92.30 but was off the high of the day. Software surged across the board, including ServiceNow by 9.24% and Adobe 5.72%. However, Meta slid 5.07% and Ford skidded 4.64%. Once more, Nvidia was the most influential name, adding 6.26%. Bitcoin sank over US$2,000 to US$71,570. The U.S. 10-year yield remained at 4.453%.

Despite tech and energy surging, the TSX declined 34 points. Sectors were mixed with materials and financials faring the worst. Key names: Celestica soaring 10.36%, Parex Resources 10.27%, BlackBerry 8.74%, Thomson Reuters 8.63% and Equinox Gold -8.19%. Gold slipped US$57 to US$4,482 as silver declined 0.6% to US$74.70

💾 Servicenow (NOW) +9.24%

💾 Adobe Systems (ADBE) +5.72%

🕵️‍♀️ Meta Platforms, Inc. (META) -5.07%

🚘 Ford Motor (F) -4.64%

💾 NVIDIA Corporation (NVDA) +6.26%

🧬 Celestica Inc (CLS.TO) +10.36%

🛢 Parex Resources Inc. (PXT.TO) +10.27%

📱 BlackBerry (BB.TO) +8.74%

🖨 Thomson Reuters Corp (TRI.TO) +8.63%

🥇 Equinox Gold (EQX.TO) -8.19%