Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.5%), Nasdaq Composite (+2.1%), and DJIA (+1.3%) continue to hover near session highs as the market enters the final hour of the session. 

NVIDIA (NVDA 187.48, +4.32, +2.36%) announced today that Meta Platforms (META 713.80, +8.50, +1.21%) and Oracle (ORCL 309.70, +16.74, +5.71%) will standardize their AI data center networks with NVIDIA Spectrum-X Ethernet networking switches. 

While all three companies involved hold gains for the day, Arista Networks (ANET 146.50, -7.60, -4.93%) has slipped on concerns that NVIDIA's push into Ethernet switching for AI data centers could eat into Arista's core business with major cloud customers.