Live Nasdaq Composite: Tech Stocks Fuel Historic May Gains as AI Earnings Impress

Major stock indexes open May’s final trading session higher, with the S&P 500 and Nasdaq up about 0.2% and the Dow up roughly 0.3%. The Nasdaq stands out, extending an 8% May advance and posting a weekly gain above 2% as technology continues to drive record intraday performance. Investors cite easing oil prices and cautious optimism around a Middle East ceasefire. Dell Technologies acts as an early catalyst after a strong Q1 report, with revenue of $43.8 billion and adjusted EPS of $4.86. Bank of America also highlights Meta’s move into business AI as a potential source of more durable enterprise revenue and a buffer against margin pressure if AI infrastructure overbuild occurs.

"The broader stock market is opening May's final trading session on a high note Friday, with all three major indexes pushing into fresh all-time intraday high territory in early trade. The S&P 500 and Nasdaq Composite are each up 0.2%, while the Dow is adding 170 points, or 0.3%, as investors look to lock in gains against a backdrop of easing oil prices and cautious optimism surrounding the Middle East ceasefire."

"The Nasdaq is the standout and is showing no signs of slowing down to close it out, carrying an 8% May advance and a weekly gain of more than 2% into Friday's session. Tech continues to do the heavy lifting, with Dell Technologies ( NYSE:DELL | DELL Price Prediction) emerging as one of Friday's early catalysts, adding fresh momentum to a sector that has been the driving force behind the tech-heavy index's record-setting run all month."

"Bank of America analysts argue social media giant Meta Technology's (Nasdaq: META) push into the business AI space could serve as a valuable release valve if its massive AI infrastructure buildout generates excess capacity. The firm sees enterprise AI as a potential source of more durable, less economically sensitive revenue for Meta, while acting as a buffer against margin pressure in an overbuilding scenario. BofA notes that even a modest slice of that opportunity could move the needle in a meaningful way for Meta."

"Dell Technologies ( NYSE:DELL) posted an impressive Q1 earnings report that cleared estimates by a wide margin, with revenue of $43.8 billion surpassing the $34.81 billion consensus by 26% on an 88% year-over-year gain, while adjusted EPS of $4.86 nearly doubled"

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