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US stocks posted modest gains on Monday, with
the Dow nudging up slightly, the S&P 500 adding

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about 0.25%, and the Nasdaq gaining just over
0.1%. Tech shares rose

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2.5%, boosting the Nasdaq and the S&P 500 to
the latest in a series of record closing

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highs. Among the stocks lifting the sector was
Hewlett Packard Enterprise, which rose 9% ahead

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of the release of its quarterly earnings.
After the close, shares jumped another 35% when

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HPE posted record second quarter results,
prompting the company to accelerate its

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long-term financial goals by 2. Years as
expansion of AI data centers boosts demand for

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its servers and networking products, Brad Long
, chief investment officer at Wealthspire, said

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it's that kind of blockbuster earnings report
that continues to power the market higher. If

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we look at S&P right now on track for about
20% earnings growth,

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that's an incredible rate mid-cycle here. And
so, you know, the markets have really been

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somewhat melting up. And they've been doing
that on fundamentals. Now that's helped them

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look through the volatility in the Middle East
. It's helped them look through an economy

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that's growing and robust, but maybe not
exactly where you would want it to see this

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level of markets and making new highs, but
it's really a story about the fundamentals.

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Among other movers, shares of Nvidia rose more
than 6% after the company unveiled a new chip

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that puts AI capabilities directly into
personal computers. Nvidia CEO Jensen Huang

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said the chip is the result of a 3-year
partnership with Microsoft to reinvent the PC

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for the AI era. Shares of Microsoft added more
than 2%. Other semiconductor stocks

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were mixed. Q Qualcomm tumbled nearly 9%, and
Intel fell more than

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4.5%. But Micron rose about 6.5% and breached
the $1000 mark for the

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first time. And software stocks rebounded from
a heavy sell-off earlier this year on AI

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disruption fears. ServiceNow climbed more than
9% while IBM gained about

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7.5%.