Nasdaq Rises as Tech Sector Leads on Major AI Deals From Amazon and Microsoft

The Nasdaq is higher while the Dow and S&P 500 are flat after a strong October that saw the S&P and Dow both gain over 2%. Tech continues to lead thanks to major AI deals and chip momentum: Amazon struck a $38B partnership with OpenAI, and Microsoft signed a $9.7B GPU deal with data center firm Iren while securing new export licenses for Nvidia chips to the UAE.