On May 11, the US stock market saw significant gains, with the S&P 500 rising 0.19% to a record 7,412.84 and the Nasdaq Composite increasing 0.1% to an all-time high of 26,274.13. The Dow Jones Industrial Average also climbed by 95.31 points, closing at 49,704.47. These gains occurred despite rising oil prices, with US West Texas Intermediate crude settling at $98.07 per barrel, a 2.78% increase. This surge in oil prices followed President Donald Trump's rejection of Iran's proposal to end the conflict, which he labeled “TOTALLY UNACCEPTABLE!” and warned that the ceasefire was “on life support.” Investors, however, remained focused on the technology sector, particularly companies linked to artificial intelligence, with Micron Technology shares up 6.5% and NVIDIA gaining nearly 2%. Analysts from Citigroup highlighted the Nasdaq 100 as a preferred investment avenue for capitalizing on the AI boom, despite high valuations.