Key Takeaways
- A search giant built on its positive momentum on Monday, Nov. 24, 2025, following the release of its latest AI model, while another Big
Tech name got a boost from its AI chip ambitions. - Shares of Google parent Alphabet extended their recent gains in the wake of last week's Gemini 3 launch, and shares of chip suppliers such as Broadcom surged.
- Tesla shares drove higher after CEO Elon Musk highlighted the company's AI chip plans on social media over the weekend.
After worries about an AI bubble weighed oncompanies in the space last week, the AI trade came roaring back to start the
new trading week. A search giant that drew strong reviews for its latest AI
model added fuel to the rally, boosting shares of major semiconductor
suppliers. Meanwhile, another member of the Magnificent 7 also soared as its
CEO touted its AI chip plans.
Major U.S. equities indexes gained groundMonday amid growing expectations the Federal Reserve could be on track for
another interest rate cut at its meeting in December. The Dow rose 0.4%, the
S&P 500 added 1.6%, and the tech-heavy Nasdaq surged 2.7%. See here for
more reporting from Investopedia on Monday's market moves.
Shares of Google parent Alphabet (GOOG,GOOGL) jumped over 6% Monday to notch another all-time closing high. The tech
giant's stock has been pushing higher since last week's launch of Gemini 3, its
latest AI model. Salesforce (CRM) CEO Marc Benioff added to recent praise for
Gemini 3 in a social media post on Sunday.
AI chipmaker Broadcom (AVGO), which countsGoogle as a major customer, saw its stock soar over 11% to log the best
performance in the S&P 500 Monday. Shares of memory chip maker Micron
Technology (MU), Advanced Micro Devices (AMD), and other semiconductor stocks
also gained.
Tesla (TSLA) shares rose nearly 7%. In asocial media post over the weekend, CEO Elon Musk touted the electric vehicle
maker's AI chip capabilities and said Tesla plans to "build chips at
higher volumes ultimately than all other AI chips combined." As the
company navigates competitive challenges in the EV market, Musk has been
emphasizing Tesla's advances in AI, self-driving technology, and robotics.
Shares of cruise operators sank Monday.Shares of Carnival Corp. (CCL), which is set to release its latest earnings
results on Dec. 19, fell close to 7%, dropping the most of any S&P 500
stock. Shares of competitors Royal Caribbean (RCL) and Norwegian Cruise Line
Holdings (NCLH), both of which missed revenue forecasts in their most recent
quarterly reports, also moved lower. The industry has faced a number of
headwinds, including high debt levels and macroeconomic uncertainty weighing on
consumer spending.
Paramount Skydance (PSKY) shares slippedabout 5%. Late last week, the company reportedly submitted its takeover bid for
fellow entertainment giant Warner Bros. Discovery (WBD). While Paramount is
said to be interested in acquiring the entirety of Warner Bros. Discovery,
including its TV networks, competing suitors Netflix (NFLX) and Comcast (CMCSA)
are reported to be interested primarily in the studio and streaming businesses.