NVIDIA BEATS AMAZON'S MARKET VALUE

U.S. stocks climbed on Monday, with the tech-laden Nasdaq inching close to its all-time high as investors geared up for two crucial inflation reports during the week, while Nvidia overtook Amazon in value for the first time in two decades.

Nasdaq rose past its highest closing level hit in November 2021, bringing it within a percentage from its all-time intra-day high of 16,212.229. Over the past four months, megacaps with greater exposure to artificial intelligence have spearheaded a bull market on Wall Street, also riding on hopes of imminent rate cuts and an upbeat outlook from businesses.

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