This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

S&P and Nasdaq post consecutive gains
US stocks Mostly higher on Monday,and S&P 500 Index and Nasdaq Composite Index Climbing the mountain for two days in a row. Artificial Intelligence Darling NVIDIA It closed at a record high. Pan-European Stoke 600 index Advanced 0.95%although the index retreated from its highs after U.S. President-elect Donald Trump dismissed reports of his tariffs Maybe not that serious Just as originally thought.

Foxconn shows AI is still hot
Foxconn, which trades Hon Hai Precision Industrysaid Sunday statement The company’s fourth-quarter revenue increased 15% year-over-year, the highest level in the company’s history for the same period. Foxconn data shows AI is still hot, Send stock Nvidia and other global semiconductor companies.

Electric vehicle charging network cooperation
shares Volkswagen and Xpeng Motors Shares rose on Monday after the two companies announced a memorandum of understanding pledging to open their respective ultra-fast charging networks to each other’s customers. Volkswagen and Xpeng Motors will also discuss cooperation Co-branded ultra-fast charging stationthe companies said.

Trudeau steps down
Canadian Prime Minister Justin Trudeau said at a press conference on Monday that he would Resigned from the ruling Liberal Party But he will remain as prime minister until a new leader is elected before a general election at the end of October. He added that the Canadian Parliament will suspend activities until a confidence vote on March 24.

(PRO) Quality Stocks Fight Rising Interest Rates
this 10-Year Treasury Bond Yield As 2025 begins, stocks continue to climb, putting pressure on stocks. Michael Wilson, chief U.S. equity strategist at Morgan Stanley, advises investors to hold on to quality stocks to weather the ensuing market turmoil. this is a stock list Passed the screening of Wilson team.

Here’s the electronics maker’s earnings report Microsoft’s plans announced on friday Investment of US$80 billion Establish data centers capable of handling artificial intelligence workloads by fiscal year 2025.

These reports indicate that businesses are continuing to invest heavily in AI, but the peak has not yet been reached.

Investors are also looking forward to a keynote speech by Nvidia CEO Jensen Huang at the Consumer Electronics Show 2025 at around 11 a.m. Singapore time.

Riding on this tailwind, Nvidia shares rose 3.4%, rising for the third consecutive day, closing at a record $149.43. The company’s shares edged further higher in after-hours trading and are now hovering above $150.

More broadly, VanEck Semiconductor ETF An increase of more than 3%.

The moves helped push major stock indexes higher. High-tech Nasdaq Composite Index was the clear winner, up 1.24%, while S&P 500 Index up 0.55%.

However, Dow Jones Industrial Average down 0.06%. The index gave up earlier gains on reports that Trump may ease import tariffs, which would benefit blue-chip companies such as the consumer discretionary sector.

Despite these upbeat reports and positive market moves on Monday, the year ahead remains bumpy.

Sam Stovall, chief investment strategist at CFRA Research, said: “I think the market is quite optimistic about the technology sector right now, with earnings growth expected to be 20% this year compared to the market’s 12.8% earnings growth… but valuations do seem to be constrained.”

The real test of AI, then, is whether companies can use it to increase revenue rather than just drive up the price of picks and shovels in the industry.

—CNBC’s Ryan Browne, Jordan Novet, Pia Singh and Tanaya Macheel contributed to this report.