The three major US stock indexes hit new records, with the Dow topping 51,000 points for the first time, as AI and tech stocks continued to lead the market.
May 30
U.S. stocks ended broadly higher on Friday, notching fresh all-time highs across major benchmarks. The Dow Jones Industrial Average climbed 0.72%, breaching the 51,000 threshold for the first time ever. The S&P 500 added 0.2%, while the Nasdaq Composite advanced 0.20%. The S&P 500 logged its ninth straight weekly gain, its longest weekly winning streak since 2023.
AI and tech stocks remained the market’s top performers. Dell Technologies jumped 32.76%—its best single-day rally in history—driven by strong demand for AI servers and an upgraded full-year performance outlook. NetApp gained 22.39% as AI-powered storage demand fueled growth. BlackRock’s iShares Expanded Tech-Software Sector ETF (IGV) surged over 8%, notching a 21% monthly climb in May, its strongest such performance since 2001.
Market risk appetite continued to build. Goldman Sachs quantitative strategist Brian Garrett noted roughly 70% of all options trading volume was call contracts, with S&P 500 call volume
2 minutes ago
NVIDIA Bets Over $6.5 Billion on Photonics Technology to Enhance AI Infrastructure and Tackle 'Data Transfer Bottleneck'
On May 30, NVIDIA announced it’s committing at least $6.5 billion total into photonics and optical networking firms since March of this year, aiming to tackle the data transfer and power consumption bottlenecks plaguing AI data centers.
Per reports, NVIDIA put $2 billion apiece into Lumentum, Coherent, and Marvell, plus $500 million into Corning for optical interconnect system R&D, alongside taking part in a $500 million Series E funding round for optical startup Ayar Labs.
Photonics tech uses light signals to send data instead of traditional copper-wire electrical signals, delivering massive bandwidth gains and sharp cuts in energy use. It’s viewed as foundational infrastructure for next-gen AI data centers. As AI models grow exponentially, demand for data sharing across thousands of GPUs has skyrocketed, making network interconnection a new bottleneck—right behind computing chip power.
NVIDIA CEO Jensen Huang told attendees at March’s GTC conference that the firm is speeding
2 minutes ago
The a16z affiliate entity has once again increased its holdings by 226,100 HYPE tokens, having acquired a total of 3.9 million HYPE tokens at an average price of $49.4 per token.
On May 30th, on-chain analytics provider Lookonchain reports that a whale address affiliated with venture capital firm Andreessen Horowitz (a16z) has once again purchased 226,121 HYPE tokens, worth around $14.5 million. Since April 14, this whale has accumulated a total of 3.9 million HYPE tokens overall, with a total value of roughly $192.6 million and an average purchase price of approximately $49.4 per token.
2 minutes ago
Strategy withdrew 411 BTC from Coinbase, matching the deposit amount from yesterday
Recent Update (May 30): Per AI Granny’s monitoring, Strategy received 411 BTC from Coinbase three hours ago—matching yesterday’s deposit amount exactly. Meanwhile, Polymarket’s odds of “selling BTC by year-end” remain unchanged, holding steady at 89%.
2 minutes ago
HYPE surged above $67 this morning, hitting a new all-time high, marking a gain of over 50% in the past two weeks.
May 30th, per HTX market data, HYPE briefly surged past $67 earlier this morning to hit a new all-time high, and is now retracing to $65.76 — marking a more than 50% jump over the past two weeks.
Current market capitalization sits at $14.612 billion, landing HYPE at No.11 on the global cryptocurrency market cap rankings. Its fully diluted valuation (FDV) has climbed to $62.751 billion.
On-chain, the largest HYPE whale’s short position is currently carrying a loss of over $35.6 million, while its biggest long position is generating more than $37.1 million in profits — setting up a direct head-to-head battle between the two sides.
Meanwhile, the crypto community is bullish that HYPE will hit the $70 target soon. Key tailwinds include: the team’s token unlock schedule is significantly lower than initially forecast, the U.S. is set to launch true perpetual contract products for the first time ever (a major milestone for crypto derivatives regulation expected to boost adoption in t
2 minutes ago
Investing in SKY for 5 years resulted in over 50% loss? Alleged Dragonfly address deposits 137 million SKY into Coinbase
May 30: Per EmberCN’s monitoring, an address suspected to belong to Dragonfly transferred 137 million SKY tokens, valued at $9.05 million, to Coinbase. The SKY holding was pulled from Binance back in August 2021, when it was worth $20.45 million at the time.
2 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
