Stock Market Update
01-Jun-26 14:30 ET
S&P 500 Advances as Datadog Leads on AI Optimism; Qualcomm Sinks After Nvidia PC Chip Reveal
Dow +17.14
at 51049.60,
Nasdaq +194.09
at 27187.71,
S&P +35.77
at 7615.83
[BRIEFING.COM] The S&P 500 (+0.47%) is in second place, up about 35 points this afternoon.
Briefly, S&P 500 constituents Datadog (DDOG 276.86, +29.51, +11.93%), Gartner (IT 179.36, +17.16, +10.58%), and CDW (CDW 137.93, +12.48, +9.95%) dot the top of the average. DDOG rises as investors increasingly view it as a key beneficiary of accelerating AI adoption, with growing AI workloads expected to boost demand for Datadog's observability and monitoring platform, while IT probes its 100-day moving average and CDW reached its 200-day moving average.
Meanwhile, Qualcomm (QCOM 229.79, -21.23, -8.46%) is the worst-performing stock in the index after Nvidia (NVDA 224.45, +13.31, +6.30%) unveiled its Arm-based RTX Spark PC processor, raising concerns that a powerful new competitor could threaten Qualcomm's AI PC growth ambitions and future market share.
