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Wall St Today: Tech Rally Lifts Nasdaq as Tesla and IBM Slide Oklo Soars

 
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  • like  24 Jul 2025
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The stock market continued its record-breaking run on Thursday, powered by strong earnings from Alphabet that reinforced stable demand for AI technologies, fueling confidence in the bull market’s backbone.

The S&P 500 climbed further, now up 28% from its April lows, with tech leading the charge. Nvidia $NVDA edged closer to a new all-time high as optimism around AI adoption remained relentless. Meanwhile, $TSLA and $IBM shares slid 8% each after Elon Musk warned of a “challenging period” for the EV maker, highlighting pressure from intensifying competition and margin concerns. IBM also weighed on large-cap tech sentiment.

$OKLO surged 11%, catching investor attention as the advanced nuclear startup secured new strategic partnerships, adding momentum to its speculative rally.

The Nasdaq rose 0.2%, extending gains despite the drag from Tesla and IBM, showcasing the resilience of the AI-driven tech sector and the ongoing tech rally.

 
 

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