Nasdaq opened slightly higher, Nvidia rose over 2%, and Nebius surged more than 15% after earnings.

Golden Ten Data, May 13 — Surging energy prices drove the US April PPI up 6% year-on-year, marking the biggest increase since 2022. The three major US stock indices closed mixed: the Nasdaq rose 0.19%, the S&P 500 fell 0.03%, and the Dow Jones Industrial Average dropped 0.41%. Nvidia jumped over 2%, with the company confirming that CEO Jensen Huang was invited to visit China alongside US President Trump. Nebius soared more than 15%, as spending in the AI sector surged, bringing Q1 revenue up 684% year-on-year to $399 million, surpassing expectations. The Philadelphia Semiconductor Index rose over 2% as semiconductor stocks rebounded; Micron Technology gained over 5%, Globalfoundries rose more than 3%, Texas Instruments and Arm surged over 2%, and Intel climbed over 1%.