# The S&P 500 and the Nasdaq jumped to record highs.

*business · news · 2026-05-06 · MarketScreener*

## Key points

- Advanced Micro Devices' stock surged 17% after forecasting stronger than expected data center chip revenue.
- Iran is reviewing a new U.S. proposal to end the Gulf war, easing geopolitical tensions and oil prices.
- Corning is partnering with Nvidia to expand U.S. optical connectivity production for AI data centers.
- Hut 8 signed a $9.8 billion 15-year lease for its Beacon Point AI data center in Texas.
- St. Louis Fed President signaled interest rates may remain on hold due to persistent inflation risk.

**Companies:** Advanced Micro Devices, Intel, Nvidia, Walt Disney, Uber Technologies, Corning, Super Micro
**Countries:** United States, Iran

[Read the full story on MarketScreener](https://www.marketscreener.com/news/s-p-500-and-nasdaq-hit-records-amd-results-spark-ai-stock-rally-ce7f58d2dd8ff624)

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