AI Stock Frenzy: Market Highs, Bold Deals, and Big Surprises Rock Markets (Aug 13–14, 2025)
The S&P 500 and Nasdaq closed at record highs on Aug. 13, while the Dow rose over 400 points. Google raised 2025 capital spending to $85 billion and will invest $9 billion in Oklahoma. Nvidia and AMD reached a deal with Washington to resume AI chip sales to China, sharing 15% of revenue with the U.S. government. Apple shares gained 1.6% on reports of new AI hardware projects.