Nasdaq 100 Eyes First Record Since June as AI Euphoria Resumes

(Bloomberg) -- A relentless tech-stock rally pushed the Nasdaq 100 Index toward its first record since June on Tuesday, extending gains fueled by bets on artificial intelligence tools from the likes of Meta Platforms Inc. Most Read from Bloomberg Paramount to Settle Lawsuits, Paving Way for Warner Bros. Nvidia's Stock Is Flashing a Warning Sign as Valuation Falls Qatar Energy Chief Says Bessent 'Wrong' About Hormuz Future Stocks Jump on AI Optimism as AMD Tops $1 Trillion: Markets Wrap AI Risk Is Everywhere and It's Making Billion Dollar Funds Nervous The tech-heavy gauge advanced as much as 0.7% to 30,699, a level that exceededd its record close in June, before paring the gains. Shopify Inc.