Intel, Corning, SolarEdge, and More [Video]

The Nasdaq hit a record high in intraday trading Monday, while the S&P 500 and Dow were little changed as tech stocks gained.

Corning (GLW) was the best-performing stock in the S&P 500 after the specialty glass maker raised its guidance on increasing demand for its optical connectivity products for generative artificial intelligence (AI) applications.

Intel (INTC) shares surged, along with shares of AMD (AMD) after Melius Research analysts suggested the stocks could see gains from AI in the second half of the year.

Shares of IDEAYA Biosciences (IDYA) also jumped after the oncology medicine firm reported positive results in a Phase-2 trial of its treatment for some bladder and lung cancers.

Solar stocks gained as Bank of America upgraded SolarEdge Technologies (SEDG), arguing the stock is undervalued.

Devon Energy (DVN) shares fell as the energy firm agreed to pay $5 billionto purchase …