# Gains from semiconductor and software stocks send S&P 500, Nasdaq 100 to new record closes > Source: > Published: 2026-06-01 20:05:25+00:00 # Gains from semiconductor and software stocks send S&P 500, Nasdaq 100 to new record closes An Nvidia-fueled tech rally powered stocks to new records, though market breadth was weak as only the information technology and energy sectors rose. Stocks continued to power higher, with the S&P 500 and Nasdaq 100 setting new record closing highs, though the Russell 2000 dipped. The S&P 500 has risen for its eighth straight session, its longest winning streak in over a year. Gains were concentrated in the information technology and energy sectors, as [software stocks rallied](https://sherwood.news/markets/software-stocks-ai-jensen-huang-nvidia-computex/) and oil rose. On Truth Social, President Trump posted that talks with Iran “[are continuing, at a rapid pace](https://www.reuters.com/world/middle-east/trump-says-he-has-not-heard-iran-that-they-are-suspending-talks-nbc-news-reports-2026-06-01/),” pushing back against reporting earlier in the day. **Moving higher:** [Nvidia](https://robinhood.com/us/en/stocks/NVDA/?source=sherwood)climbed after announcing its entry into the laptop market with a new PC “superchip” that will[power a fresh line of Windows laptops by Dell and HP](https://sherwood.news/markets/nvidia-jumps-after-entering-laptop-market-with-new-pc-superchip/).Nvidia’s new laptop superchip — which uses Arm architecture — sent shares of [Arm](https://robinhood.com/us/en/stocks/ARM/?source=sherwood)higher,[validating demand](https://sherwood.news/markets/nvidia-jumps-after-entering-laptop-market-with-new-pc-superchip/)for its IP in the PC market.Jensen Huang’s comments at Computex threw fuel on the AI software trade, lifting [Microsoft](https://robinhood.com/us/en/stocks/MSFT/?source=sherwood),[Salesforce](https://robinhood.com/us/en/stocks/CRM/?source=sherwood),[ServiceNow](https://robinhood.com/us/en/stocks/NOW/?source=sherwood),[Snowflake](https://robinhood.com/us/en/stocks/SNOW/?source=sherwood),[Oracle](https://robinhood.com/us/en/stocks/ORCL/?source=sherwood),[Atlassian](https://robinhood.com/us/en/stocks/TEAM/?source=sherwood),[Zscaler](https://robinhood.com/us/en/stocks/ZS/?source=sherwood),[Okta](https://robinhood.com/us/en/stocks/OKTA/?source=sherwood),[MongoDB](https://robinhood.com/us/en/stocks/MDB/?source=sherwood),[Figma](https://robinhood.com/us/en/stocks/FIG/?source=sherwood),[Asana](https://robinhood.com/us/en/stocks/ASAN/?source=sherwood), and[BigBear.ai](https://robinhood.com/us/en/stocks/BBAI/?source=sherwood)in a broad[software rally](https://sherwood.news/markets/software-stocks-ai-jensen-huang-nvidia-computex/).[Salesforce](https://robinhood.com/us/en/stocks/CRM/?source=sherwood)got an additional boost after Bloomberg reported its $50 million investment in Anthropic is now[valued at around $5 billion](https://www.bloomberg.com/news/articles/2026-06-01/salesforce-investment-in-anthropic-is-valued-at-about-5-billion).AI data center stocks surged after Dell delivered an Nvidia server to CoreWeave, with [Dell](https://robinhood.com/us/en/stocks/DELL/?source=sherwood),[CoreWeave](https://robinhood.com/us/en/stocks/CRWV/?source=sherwood),[Nebius](https://robinhood.com/us/en/stocks/NBIS/?source=sherwood), and[POET Technologies](https://robinhood.com/us/en/stocks/POET/?source=sherwood)all[climbing](https://finance.yahoo.com/markets/stocks/articles/michael-dell-says-were-thrilled-122755407.html).[IREN](https://robinhood.com/us/en/stocks/IREN/?source=sherwood)rose after closing a[$3.65 billion GPU financing](https://finance.yahoo.com/sectors/technology/articles/iren-closes-3-65-billion-130142458.html)facility to support its Microsoft contract.[Taylor Morrison](https://robinhood.com/us/en/stocks/TMHC/?source=sherwood)jumped after Berkshire Hathaway agreed to[buy the housebuilder for $6.8 billion](https://www.reuters.com/legal/transactional/berkshire-hathaway-buy-us-homebuilder-taylor-morrison-85-billion-2026-05-31/).[AMC](https://robinhood.com/us/en/stocks/AMC/?source=sherwood)and[Cinemark](https://robinhood.com/us/en/stocks/CNK/?source=sherwood)climbed on[record May movie theater attendance](https://sherwood.news/markets/amc-cinemark-climb-on-record-may-movie-theater-attendance/).[MGM Resorts](https://robinhood.com/us/en/stocks/MGM/?source=sherwood)surged after a report that Barry Diller is[planning a bid for the company](https://sherwood.news/markets/mgm-resorts-surges-after-report-barry-diller-is-planning-a-bid-for-the-company/).[IBM](https://robinhood.com/us/en/stocks/IBM/?source=sherwood)surged after Barclays initiated coverage with a $350 price target, while a[2025 video of Trump](https://sherwood.news/markets/ibm-surges-after-barclays-initiates-with-a-buy-video-of-trump-in-2025-saying-stock-will-go-up-a-lot-more-resurfaces/?utm_source=robinhood)saying the stock will “go up a lot more” went viral.[Nio](https://robinhood.com/us/en/stocks/NIO/?source=sherwood)gained after reporting a[62% surge in May deliveries](https://sherwood.news/markets/chinese-ev-makers-sales-mostly-rebound-in-may-with-nio-deliveries-surging-62/), with Chinese EV peer[XPeng](https://robinhood.com/us/en/stocks/XPEV/?source=sherwood)also climbing after sales mostly rebounded.[HP](https://robinhood.com/us/en/stocks/HPQ/?source=sherwood)climbed as one of the manufacturers set to[build laptops powered by Nvidia’s new chip](https://www.cnbc.com/2026/05/31/nvidias-new-chip-to-power-fresh-line-of-windows-laptops-by-dell-hp.html).[HYPE](https://robinhood.com/us/en/crypto/HYPE/?source=sherwood)hit an[all-time high](https://sherwood.news/crypto/hype-notches-all-time-high-and-its-treasury-companies-are-the-only-profitable-ones/)as its treasury companies proved to be the only profitable ones in the space, with treasury stock[Hyperliquid Strategies](https://robinhood.com/us/en/stocks/PURR/?source=sherwood)also climbing. **Moving lower:** Nvidia’s entry into the laptop market with a new PC superchip pressured incumbent chipmakers, with [Intel](https://robinhood.com/us/en/stocks/INTC/?source=sherwood),[AMD](https://robinhood.com/us/en/stocks/AMD/?source=sherwood), and[Qualcomm](https://robinhood.com/us/en/stocks/QCOM/?source=sherwood)all[falling](https://www.cnbc.com/2026/05/31/nvidias-new-chip-to-power-fresh-line-of-windows-laptops-by-dell-hp.html)on the competitive threat.[Strategy](https://robinhood.com/us/en/stocks/MSTR/?source=sherwood)sank after revealing it[sold bitcoin](https://sherwood.news/crypto/strategy-sinks-after-revealing-it-has-sold-bitcoin-for-the-first-time-ever/?utm_source=robinhood).[Apple](https://robinhood.com/us/en/stocks/AAPL/?source=sherwood)slipped as Nvidia’s push into the laptop market raised questions about[competitive pressure on MacBooks](https://www.cnbc.com/2026/05/31/nvidias-new-chip-to-power-fresh-line-of-windows-laptops-by-dell-hp.html).[Bitcoin](https://robinhood.com/us/en/crypto/BTC/?source=sherwood)continued to dip after[closing May in the red](https://sherwood.news/crypto/bitcoin-closed-may-in-the-red-will-june-be-doom-and-gloom/?utm_source=robinhood), raising questions about whether June will bring more downside.