Stocks Rise on Optimism Around Possible Middle East Ceasefire Talks

The stock market increased slightly on Monday after President Donald Trump remarked that Iran was actively engaged in peace talks to end the more than five-week conflict. However, he also warned that the country could face “decimation” if it fails to reopen the Strait of Hormuz.

Overall, S&P 500 was up 0.4% to 6,612, while NASDAQ rose 0.5% to 21,996.

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Here is the one-year chart of NVIDIA (NVDA) as of March 3, 2026, when the stock was at $180.

NVIDIA continues to see explosive demand for AI infrastructure as customers rapidly deploy its new Blackwell AI systems across global data centers.

Last quarter, the company delivered 82% profit growth on 73% revenue growth. Data Center revenue — accounted for 90% of the total revenue — was up 75% year over year, driven by strong adoption of Blackwell and the ramp of Grace Blackwell NVL72 systems, a rack-sized AI supercomputer for very large AI systems.

Management stated demand is now expanding beyond AI training as companies increasingly deploy GPUs for AI inference, where models generate responses and run real-world applications. This shift is driving massive infrastructure buildouts, with cloud providers expected to spend nearly $700 billion on data center CapEx in 2026.

NVDA is the top holding in our Growth Portfolio and Focus List. The next big thing in AI will be the NVL 72 supercycle. The NVIDIA GB200 NVL 72 is a rack system with slots for components. Inside are 36 NVIDIA Grace CPUs and 72 NVIDIA Blackwell GPUs, which are connected by NVIDIA’s NVLink, a spine (the size of a 4×6 beam of wood) with two miles of cables (5000 total).

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