Shares of technology companies rose to all-time highs as speculative bets on artificial-intelligence companies gathered momentum ahead of earnings season.
Shares of graphics-chip maker Nvidia rose 4% and are now up by more than 20% for the year to date, extending the company's lead as the largest by market capitalization.
Apple said it would buy $500 million of rare-earth magnets from MP Materials, expanding its U.S. supply chain for a critical element of its devices while under pressure from the Trump administration.
Some of the world's biggest companies pledged tens of billions of dollars to accelerate the development of artificial intelligence in Pennsylvania. Alphabet's Google, AI firm Coreweave and investment firm Blackstone are among the firms set to put up billions of dollars into the project.
Members of the House of Representatives voted down a key procedural measure that would have cleared the way for votes on cryptocurrency-related bills, despite President Trump having declared this "Crypto Week" on his social-media account.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-15-25 1735ET
