Nasdaq Tops 27,000 as Nvidia (NVDA) Jumps 6%, Arm (ARM) Soars 16% to Lead Chip Rally

U.S. stocks closed at record highs on Monday, June 1, 2026, with the Nasdaq Composite surging 1.8% to finish above 27,000 for the first time. The S&P 500 rose 1.2% and the Dow added 0.6%, as semiconductor shares powered the rally. Nvidia gained 6.2%, adding $319 billion in market value in a single session. Arm soared 15.73%, pushing its market cap past $430 billion. Micron climbed more than 6% to breach $1,000 per share for the first time. Dell jumped nearly 11% and TSMC advanced over 4%, both closing at record highs. In contrast, Qualcomm slumped nearly 9% and Intel dropped over 4% after Nvidia unveiled its Vera CPU targeting personal computers. Cloud firms Nebius and CoreWeave each rallied more than 14%, Oracle gained nearly 10%, and the Nasdaq Golden Dragon China Index rose 1.5%. Oil prices climbed on Middle East tensions, while gold extended losses.