Market Update: Stocks on the Rise
Stocks @night is a daily newsletter providing a snapshot of the markets after hours. Here’s a look at what caught CNBC TV producers’ attention on Monday and what they’re keeping an eye on for Tuesday.
Nvidia and Power Deal continue to generate significant buzz, having invested a whopping $100 billion in their partnership with OpenAI. They plan to “run and deploy an AI data center of at least 10 gigawatts.” To put that into context, it’s roughly ten times more than what Doc Brown needed to get Marty McFly back to the future—thanks to “Squawk Box” producer Katie Kramer for that comparison.
Brian Sullivan, CNBC anchor and energy expert, noted that building such a large capacity isn’t straightforward. That power output is akin to what all five boroughs of New York City consume during sweltering summer days. Back in April, Nvidia shares were valued at $86, but they’ve skyrocketed to close at $183.61 on Monday.
Vistra’s stocks are also making headlines, reaching new highs and showing an impressive growth of 102% over the past year. In September alone, the stock gained 15%. As one of the standout performers in the S&P 500 last year, it reflects a shift as more investors turn towards energy sectors. This year, Vistra is about 3% away from its peak, having climbed nearly 13% in September alone. NRG shares saw a rise of 4% today, marking a 17% increase in September. The utility sector is proving strong, ranking second in the S&P.
The data center market has seen a 4.6% increase today, although it’s still about 20% off its October highs. The Global X Data Center ETF (DTCR) rose by 2.3% to hit a new peak, while Digital Realty Trust gained 1.5%, remaining 12% below its high. The SCTR ETF (SRVR) and the ISHARES US Digital Infrastructure Real Estate ETF (IDGT) also saw slight upticks.
In banking news, New York Mellon Bank hit an all-time high on Monday, with stocks surging nearly 7% in a month. Citigroup is on the radar as it hasn’t been this good since November 2008. Their stock rose by 47% in 2025. Kudos to data analyst Chris Hayes for tracking these trends.
Jim Cramer has notably added Boeing to his Charitable Trust. Although the stock is 13% down from its July peak, it has bounced back about 20% since the start of the year. Cramer emphasized that the company is ramping up production and expects “several large-scale international purchases” of aircraft, stating that “inventory is too good to ignore.”
Turning to cryptocurrencies, Bitcoin miners are integrating Bitcoin-backed credit facilities with Coinbase Prime, expanding their capital strategies. CleanSpark shares increased by 5% after hours but remain 23% below November’s heights. Bitcoin faced pressure, falling by 2.4% today but boasting a staggering 80% increase year-over-year. Ether dropped 7% today, though it’s up 63% within the year, while Solana decreased by 7% and is up 52% for the year. Dogecoin, on the other hand, fell by 8.6% today, despite a remarkable 126% rise in the past year.
Some analysts suggest that this decline in cryptocurrency values is due to investors pulling out after companies adopt safer Treasury strategies. Riot Platforms are still 4% below last week’s high, with a 27% rise in September, while Coinbase sits 25% behind its July peak, having gained 9% in September.
AutoZone recently reported a 13% increase in stock prices since their last earnings update. However, they’re still about 6% off their recent highs. Micron, over the past three months, has increased by 33% since its last earnings report, even though it saw a 3.4% dip last week. Lastly, Palantir has shown remarkable growth, up 382% since joining the S&P 500 and nearly doubling in value over the past six months.
