US stocks surged on Monday, with the Nasdaq jumping 2.7% on hopes of an interest-rate cut in December and AI optimism. The S&P 500 and Dow also advanced, with tech stocks like Alphabet and Tesla leading the charge. Bitcoin rose above $88,000 amid a rebound, and economic data releases are expected this week.

Nvidia stock rose as Trump considers approval for H200 AI chip exports to China. The stock has faced hurdles with export controls but is poised for growth. Michael Burry shifts from hedge fund to Substack, criticizing the AI bubble. Oracle credit default swaps hit a 3-year high, signaling concerns about default.

Alphabet set for a record high as its AI Gemini tool boosts stock. Tech leads the market rally, with Tesla surging 7%. Congress debates pre-disclosing stock trades. Novo Nordisk shares fall after Alzheimer’s drug trial failure. Defense stocks in Europe drop as tensions ease. Gold prices slip on potential rate-cut anticipation. Good morning, here’s what’s happening today.

Read more at Yahoo Finance: Nasdaq sees biggest jump since May, S&P 500 soars as Alphabet, Tesla lead tech rally