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Stock Market Today: SpaceX and Super Micro Revive the AI Trade as Meta Lifts Its Capex Floor and Tesla Beats on a Shrinking Car Business

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The Nasdaq gained 1.1% as SpaceX and Super Micro reignited the AI trade. After the bell, Meta beat and raised the low end of its capex range, Tesla topped estimates despite a 43% profit drop, and Texas Instruments and IBM delivered solid quarters.

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Stock Market Today: SpaceX and Super Micro Revive the AI Trade as Meta Lifts Its Capex Floor and Tesla Beats on a Shrinking Car Business

The Nasdaq gained 1.1% as SpaceX and Super Micro reignited the AI trade. After the bell, Meta beat and raised the low end of its capex range, Tesla topped estimates despite a 43% profit drop, and Texas Instruments and IBM delivered solid quarters.