Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fuels Crypto Stocks Rally: What's Driving Markets Monday?

Quick Summary:

Tech stocks extended their rally to new heights on Monday, with the Nasdaq 100 index climbing over 1% to surpass 22,000 points, fueled by robust gains among key components in the index.Broadcom Inc.(NASDAQ:AVGO) led the charge, soaring over 8% after receiving bullish price-target updates from analysts.

The company's AI-driven growth potential gained further traction on Friday following its announcement of a collaboration with Apple Inc.(NASDAQ:AAPL) to produce a cutting-edge AI chip.Tesla Inc.(NASDAQ:TSLA) also rallied, jumping more than 5%, pushing its post-election gains to 85%, buoyed by positive analyst sentiment.

Wedbush Securities described Tesla as a “game-changer” in AI and autonomous advancements under Trump's administration, adding to the bullish outlook.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Broad U.S. Equity ETFs Small Cap AAPL AVGO MU US73935A1043 GOOGL SG9999006241 QQQ $BTC US38259P5089 RIOT DIA IWM Electric vehicles US78467X1090 Large Cap US21254S1078 US0378331005 US81369Y5069 SPY Econ #s Benzinga US5949724083 ETFs US78462F1030 COIN XLY XLE US4642876555 Economics Top Stories Cryptocurrency Donald Trump US81369Y4070 NFE Equities TSLA US5951121038 MSTR Sector ETFs Tech Macro Economic Events Mid Cap MARA Midday update US88160R1014 Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 18:47:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24455801

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 27 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions