Meta jumped 11% on its Muse AI agent, AMD joined the trillion-dollar club, and the Nasdaq hit a record on the AI rally.
dollar club, and the Nasdaq hit a record on the AI rally.
Meta jumped 11% on its Muse AI agent, AMD joined the trillion-dollar club, and the Nasdaq hit a record on the AI rally.

Markets pushed higher today as a tech-led AI rally sent the Nasdaq to a fresh record and lifted sentiment worldwide. The TSX gained 0.52% and the TSX Venture Index rose 0.36%, while the Nasdaq added 0.29% to notch a new high; the Dow slipped 0.07% and the FTSE 100 eased 0.05%.

Oil fell toward $98 a barrel, dropping 1.36%, while gold slipped 0.27% and copper gained 0.99%. Bitcoin pulled back 0.40% despite trading near $121,000 CAD, and the U.S. dollar held near a seven-week high even as traders loaded up on risk assets. On trade, the EU moved closer to a free trade deal with the Philippines, and Canada said its own Philippines and ASEAN trade talks are 90% complete with a November finish targeted.

Market numbers

TSX: Up (+0.52%) 36,196.74

TSXV: Up (+0.36%) 923.32

DOW: Down (-0.07%) 52,011.3

NASDAQ: Up (+0.29%) 30,618.0

FTSE 100: Down (-0.05%) 10,747.18

In the headlines

  • Meta shares jump 11% as AI agent Muse takes shape: Meta Platforms (NASDAQ:META), the social media and AI company behind Facebook and Instagram, surged after its AI agent Muse showed signs its broader AI strategy is finally paying off, adding billions to the company’s market cap. Investors are increasingly rewarding Meta’s AI-driven product bets after a long buildup.
  • AMD joins the trillion-dollar chipmaker club: Advanced Micro Devices (NASDAQ:AMD), the semiconductor company, crossed a trillion-dollar market valuation as surging AI demand continues to lift chipmakers. The milestone cements AMD’s position among the industry’s most valuable players.
  • Alibaba unveils new chip, plans massive AI model: Alibaba Group (NYSE:BABA), the Chinese e-commerce and cloud computing giant, announced plans for a new AI model with between 5 trillion and 10 trillion parameters alongside the unveiling of a new proprietary chip. The moves signal Alibaba’s intent to compete aggressively at the frontier of AI development.

Currencies

USD: Down (-0.17%) $0.7111

GBP: Down (-0.09%) $0.5321

EUR: Down (-0.07%) $0.62111

JPY: Down (-0.24%) ¥111.888

AUD: Down (-0.10%) $0.9996

Bitcoin (BTC/CAD): Down (-0.40%) 121,000.0

(Conversion to C$1)

Commodities

Copper: Up (+0.99%) 6.88480

Gold: Down (-0.27%) 4,331.85

WTI: Down (-1.36%) 87.35

Natural Gas: Up (+1.44%) 2.886

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