The Globe and Mail reports in its Tuesday edition that Nasdaq surged to a record-high close Monday, lifted by gains in Advanced Micro Devices and other artificial-intelligence heavyweights, while Treasury yields retreated from recent highs and crude prices tumbled. A Reuters dispatch to The Globe says that chip stocks rallied, with Intel surging 12.2 per cent and Arm Holdings up 17 per cent. The PHLX Semiconductor Index jumped 4.3 per cent. Advanced Micro Devices rose 10 per cent to reach a market capitalization of $1-trillion (U.S.) for the first time. Investors pointed to signs that suggest spending on AI is still expanding, despite recent safety warnings from leaders of AI giants a week ago that triggered a tech sell-off. The benchmark U.S. 10-year yield fell below the psychologically important 5-per-cent level as Brent crude futures settled at $100.34 (U.S.) a barrel. President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the UN General Assembly in New York this week. The S&P/TSX Composite Index was up 202.75 points at 36,009.40. Shopify rose 7.8 per cent and Blackberry 7 per cent. Energy stocks fell 2.5 per cent while financials added 1.4 per cent.