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Wall Street Rises As Tesla Soars On AI Optimism

Published by: dailynews
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The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week.

Tesla (TSLA.O) rallied 10% after Morgan Stanley upgraded the electric car maker to “overweight” from “equal-weight,” saying its Dojo supercomputer could boost the company’s market value by nearly $600 billion.

Other megacaps also rose, with Amazon (AMZN.O) climbing 3.5% and Microsoft (MSFT.O) adding 1.1%.

Read the full story on Reuters here.