Live Nasdaq Composite: Tech Holds Its Ground as M&A and AI Boom Drown Out Oil Noise

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The Nasdaq Composite is threading a needle Monday morning, absorbing a crude oil flare-up whereas drawing assist from a powerful earnings cycle and a string of deal headlines. Tech shares are boosting the index barely greater on the day after final week’s record-setting efficiency. In what’s shaping as much as be a possible Merger Monday, GameStop (NYSE: GME) has supplied to purchase eBay (Nasdaq: EBAY) in an unsolicited providing, sending shares of the public sale greater platform by almost 5% on the day.

Oil markets swung sharply after conflicting studies emerged over an alleged Iranian strike on a US warship close to Jask island. Iran’s Navy claimed it had turned American vessels away from the realm, though US Central Command pushed again, stating no naval ships had been hit. WTI futures vaulted above $105 a barrel, a 3% intraday surge, whereas Brent crossed $111 earlier than retreating.

The mixed capital expenditure of Amazon, Alphabet, Meta and Microsoft is forecast to almost double year-over-year, climbing 98% to an all-time excessive of $715 billion in 2026.
Amazon is main the pack, with administration guiding towards a document $200 billion in capex by 2026. Google and Microsoft are every concentrating on $190 billion, whereas Meta rounded out the group by nudging its personal forecast $10 billion greater to a variety of $125–$145 billion. Each one among these firms is on tempo to spend as a lot, or extra, in 2026 alone as it did throughout the prior two years mixed.

Here’s a have a look at the place issues stand as of morning buying and selling:

Dow Jones Industrial Average: 49,239 Down 0.52%
Nasdaq Composite: 25,141 Up 0.12%
S&P 500: 7,226 Down 0.05%

Market Movers

The index’s resilience traces again largely to Alphabet (NASDAQ: GOOGL), whose shares have surged roughly 30% over the previous month. The catalyst: a blowout Q1 print that includes $109.9 billion in income and 63% progress in Google Cloud, which is now backed by a backlog exceeding $460 billion. Citizens Research raised its worth goal to a brand new Street-high of $515, up from $385, calling Alphabet essentially the most simple beneficiary of the AI ​​buildout.

Amazon (NASDAQ: AMZN) is offering comparable ballast. AWS expanded 28% within the quarter, and the corporate moved to increase its logistics footprint with the launch of Amazon Supply Chain Services, opening the platform to third-party shoppers together with P&G, 3M, and American Eagle.

Countering that momentum, AMD (NASDAQ: AMD) slipped almost 1% after HSBC downgraded the chipmaker to “Hold” from “Buy,” setting a $340 worth goal. The agency’s concern facilities on constrained 2026 semiconductor capability, which it argues caps near-term earnings upside.

GameStop (NYSE: GME) is drawing consideration after lobbing an unsolicited $125-per-share cash-and-stock proposal at eBay, which might peg the e-commerce platform’s worth at round $56 billion. eBay’s shares climbed to roughly $118 on the information — a notable low cost to the supply worth that displays lingering skepticism over whether or not the deal closes.