Nvidia Boosts Microsoft, Google; Dashmote Raises $6 Million

The stock market continues its upward trajectory, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite reaching new record highs, largely fueled by widespread optimism surrounding artificial intelligence. This AI excitement is overshadowing concerns about a potential U.S. government shutdown, with investors prioritizing technological advancements. Nvidia's strong performance and forecasts for its AI chips have significantly boosted other tech giants, including Microsoft and Alphabet (Google). Beyond the major tech players, the AI sector is seeing targeted investment, with Dashmote securing $6 million in funding for its AI sales assistant, DashSalesAI, aimed at automating tasks for field sales representatives. Meanwhile, Rezolve AI's stock has seen notable increases following analyst upgrades, despite mixed financial reports. Elastic N.V., an AI software company focused on data management and generative AI, is also attracting positive attention from Wall Street analysts, reporting strong revenue growth and an increase in high-spending customers. Companies like Innodata are reporting significant revenue and profit growth driven by their AI-first strategies, while Alibaba's cloud revenue is accelerating due to high AI demand. Looking ahead, analysts predict a boom in AI mergers and acquisitions, with Microsoft and Google expected to be active buyers. Investment advice also suggests capitalizing on the AI boom through resources and UK stocks, as AI technology has a high demand for commodities. Despite economic data delays due to the government shutdown, the market's focus remains firmly on AI's potential.

Key Takeaways

• Major U.S. stock indices, including the Dow, S&P 500, and Nasdaq, have hit record highs, driven by AI optimism.
• Nvidia's strong performance and forecasts are boosting other tech companies like Microsoft and Alphabet (Google).
• Dashmote has raised $6 million in funding to develop DashSalesAI, an AI agent for field sales.
• Rezolve AI stock experienced significant gains following analyst upgrades.
• Elastic N.V. is seeing positive analyst sentiment and strong revenue growth for its AI data management and search platforms.
• Innodata is achieving revenue and profit growth through its AI-first strategy.
• Alibaba's cloud revenue is accelerating due to high AI demand.
• Analysts predict an upcoming wave of AI mergers and acquisitions, with Microsoft and Google expected to be active buyers.
• Bank of America suggests focusing on resources and UK stocks to invest in the AI boom due to AI's commodity consumption.
• Market focus on AI is overshadowing concerns about a potential U.S. government shutdown, which has delayed economic data releases.

US stocks rise as AI optimism overshadows shutdown fears

U.S. stock futures showed little change Tuesday after major indices hit record highs Monday. Investor focus remains on artificial intelligence, despite worries about a potential government shutdown. Nvidia's stock jumped after a strong forecast for its AI chips, boosting other tech companies like Microsoft and Alphabet. Economic data on inflation and consumer confidence will be watched closely for clues on future Federal Reserve actions.

Dow, S&P 500, Nasdaq hit records on AI excitement

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all reached new record highs Friday. This rally was driven by strong enthusiasm for artificial intelligence (AI) and investors appearing to prioritize AI advancements over concerns about a potential government shutdown. AI-related stocks have been major drivers of market performance, pushing major indices to unprecedented levels. The market's focus on AI has overshadowed other economic factors.

Mixed market as AI optimism battles shutdown worries

U.S. stocks traded mixed Friday, with the Dow Jones Industrial Average slightly higher while the S&P 500 and Nasdaq Composite saw small declines. Enthusiasm for artificial intelligence continued to drive market sentiment, especially after Nvidia reported strong earnings. However, concerns about a potential U.S. government shutdown due to lawmakers struggling to agree on a spending bill added uncertainty. Investors are also watching economic data for hints about the Federal Reserve's next moves.

AI buzz lifts stocks past shutdown threats

U.S. stocks were set for a higher open Tuesday as investors focused on AI optimism rather than political issues. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all pointed to gains. The S&P 500 and Nasdaq have been near all-time highs, boosted by AI excitement and expectations that the Federal Reserve might stop raising interest rates. Concerns about a potential government shutdown seemed less impactful.

Dow, S&P 500 hit records capping winning week

U.S. stocks finished higher Friday, with the Dow Jones Industrial Average and S&P 500 closing at record highs, marking another winning week for Wall Street. Investors remained focused on the potential of artificial intelligence (AI) while managing concerns about a possible government shutdown. Key economic data this week showed mixed signals, with inflation easing slightly but the job market remaining strong. These reports are being closely watched by the Federal Reserve.

Dashmote secures $6 million for AI sales assistant

Dashmote has raised $6 million in a Series A1 funding round to develop and launch DashSalesAI, a mobile AI agent for field sales. The funding was co-led by Blossom Street Ventures and Rabobank, bringing Dashmote's total funding to $14 million. DashSalesAI uses large language models to automate tasks like lead generation and customer outreach through a chat interface. This tool integrates with mobile platforms like WhatsApp and aims to help field sales representatives improve efficiency and close deals.

Dashmote raises $5.1M for AI sales tool

Amsterdam-based Dashmote has secured $6 million (about €5.1 million) in a Series A1 funding round, co-led by Blossom Street Ventures and Rabobank. This brings their total funding to $14 million. The company will use the money to speed up development of DashSalesAI, its AI tool for field sales professionals, and to grow its team and presence in the United States. Dashmote's AI turns data into insights for sales, marketing, and strategy, with clients like Coca-Cola and Nestlé already using its tools.

Rezolve AI stock jumps 24% after analyst upgrade

Rezolve AI (NASDAQ:RZLV) shares increased by 24.1% during Friday's trading. The company, which develops an AI-powered platform for brands to engage consumers via mobile devices, saw its stock price rise significantly. Rezolve AI offers features like location-based engagement and personalized offers. The company was formerly known as Rezolve Limited and changed its name in March 2023.

Rezolve AI stock up 8.1% on analyst upgrade

Rezolve AI (NASDAQ:RZLV) shares rose 8.1% on Friday following an analyst upgrade from Zacks Investment Research, which moved the stock from a 'sell' to a 'hold' rating with a $0.75 price target. The company's stock traded actively, with analysts holding a consensus 'hold' rating. Rezolve AI reported quarterly earnings missing expectations and had no revenue for the quarter.

Wall Street sees opportunity in Elastic AI stock

Elastic N.V. is an AI software company helping businesses manage and use large amounts of data. Despite its stock being 54% below its 2021 high, Wall Street analysts are largely positive, with most recommending a buy. Elastic's Elasticsearch tool allows for quick data searches, and its new Search AI platform enhances generative AI capabilities. The company reported strong revenue growth in its first fiscal quarter of 2026, with a significant increase in customers spending over $100,000 annually.

AI stocks lead Q3 rally, market trends analyzed

The stock market reached a new record high at the start of the fourth quarter, led by technology stocks, especially those involved in artificial intelligence. Apple, Alphabet, and Nvidia were among the top performers. While AI stocks generally did well, some experienced declines. The article also covers top dividend stocks and key market trends. Upcoming economic reports are delayed due to a U.S. government shutdown, impacting the jobs report and other data.

Innodata's AI strategy drives revenue and profit growth

Innodata Inc. is experiencing significant revenue and profit increases due to its AI-first strategy. The global digital services provider is integrating AI across its offerings to help clients use data better and automate processes. This focus on AI is driving demand for its services in areas like data annotation and knowledge management. Innodata has raised its growth outlook, positioning itself for long-term success in the expanding AI market.

Analyst Dan Ives predicts AI M&A boom, names top picks

Technology analyst Dan Ives believes a wave of acquisitions in the AI sector is imminent, driven by major tech companies and private equity firms. He notes that regulatory hurdles for mergers are decreasing. Recent deals include companies selling data center businesses and acquiring AI security or generative AI firms. Ives identifies Tenable Holdings (TENB), Qualys (QLYS), C3.AI (AI), Lyft (LYFT), and TripAdvisor (TRIP) as potential takeover targets, while Microsoft and Google are expected to be active buyers.

BofA suggests resources and UK stocks for AI bets

Michael Hartnett's team at Bank of America (BofA) recommends investors focus on resources and UK stocks to capitalize on the artificial intelligence boom. They note that AI technology heavily consumes commodities. The FTSE 100 index, which includes major mining companies like Rio Tinto, Anglo American, and Glencore, is highlighted as a strong area for these investments.

S&P 500 nears longest winning streak amid AI investment

U.S. stock indices are extending their gains, with the S&P 500 potentially achieving its longest winning streak since July, driven by significant investments in artificial intelligence. The Nasdaq 100 has hit record highs for three consecutive days. Despite a government shutdown delaying economic data, Federal Reserve officials are considering another interest rate cut in October. Individual stock movements include upgrades for Johnson & Johnson and mixed outlooks for Tesla and PepsiCo.

Alibaba's AI focus fuels consumer and cloud growth

Alibaba is evolving into a company driven by both its consumer platforms and AI-powered cloud infrastructure. Innovations like Taobao Instant Commerce are boosting engagement and monetization in China. The company's cloud revenue is accelerating due to high AI demand, positioning Alibaba as a key player in China's AI sector. With strong financials and clear growth catalysts, Alibaba presents a compelling investment opportunity as it streamlines its business.

Sources

• Stock market today: Dow, S&P 500, Nasdaq futures rise after record-setting day on Wall Street
• Dow, S&P 500, Nasdaq notch records on AI buzz even as government shutdown drags on
• Stock market today: Dow, S&P 500, Nasdaq mixed as AI optimism blots out US shutdown risks
• Stock market today: Dow, S&P 500, Nasdaq eye records as AI buzz keeps Trump shutdown threats in background
• Stock market today: Dow, S&P 500 close at record highs to cap Wall Street's latest winning week
• Dashmote raises $6 million to launch AI agent for field sales
• Amsterdam-based Dashmote raises €5.1M to scale its AI sales assistant 
• Rezolve AI (NASDAQ:RZLV) Trading Up 24.1% Following Analyst Upgrade
• Rezolve AI (NASDAQ:RZLV) Trading Up 8.1% on Analyst Upgrade
• 1 Overlooked Artificial Intelligence (AI) Stock Down 54% to Buy Hand Over Fist, According to Wall Street @themotleyfool #stocks $ESTC
• Smart Investor: Top-Performing AI Stocks, Q3’s Best Dividend Stocks and 13 Charts on Key Market Trends
• Is INOD's AI-First Strategy a Game Changer for Long-Term Investors?
• Dan Ives says AI-related M&A 'floodgates' are about to open. Here are his takeover picks
• BofA’s Hartnett Recommends Resources, UK Stocks to Bet on AI
• S&P 500 Set for Longest Winning Streak Amid AI Investment Surge
• Alibaba’s AI Revolution Meets Consumer Revival (NYSE:BABA)