On the morning of March 17, 2026, Beijing Time, the three major U.S. stock indices opened on a positive note, collectively closing higher. The Nasdaq Composite climbed 1.22%, the Dow Jones Industrial Average advanced 0.83%, and the S&P 500 index rose by 1.01%. Meta's shares surged more than 2%, while Nebius experienced a remarkable jump of over 14%. This significant increase followed the announcement of a five-year AI computing power supply agreement between the two companies, valued at approximately $27 billion. Micron Technology also saw its stock price rise by 3.68%, buoyed by an upward revision in its target price. Meanwhile, Intel closed marginally lower, whereas Nvidia's shares increased by over 1%. Among the popular Chinese ADRs (American Depositary Receipts), most witnessed an uptrend, with Alibaba leading the pack with a 2.8% gain. This surge came as Alibaba unveiled plans to establish a Token Hub business group, aiming to bolster strategic synergy within its artificial intelligence business.
