Stock Market Live January 6, 2026: S&P 500 (SPY) Nearing All-Time Highs

Just days into the new year, the major indices are rallying to record highs.

The S&P 500 is up about three points in premarket to 6,946 and could soon test 7,000, perhaps this month. The SPDR S&P 500 ETF (SPY | SPY Price Prediction) is up fractionally at $687.89. The Nasdaq is up 54 points to 25,631.75. And after rising to a record high, the Dow is down 48 at 49,180. Gold is up another $19 to $4,459. Silver is up about $1.50 at $78.25. Oil is up about a quarter at $58.59.

The AI Boom is Still Alive and Well 

Despite talk of an AI bubble, related stocks continue to push aggressively higher.

Look at Nvidia (NASDAQ: NVDA).

The company announced the launch of its next-generation Vera Rubin superchip at CES 2026, “comprising six new chips designed to deliver one incredible AI supercomputer. NVIDIA Rubin sets a new standard for building, deploying, and securing the world’s largest and most advanced AI systems at the lowest cost to accelerate mainstream AI adoption,” as noted by Nvidia.

This comes at exactly the right moment, added Nvidia CEO Jensen Huang in a press release, “as AI computing demand for both training and inference is going through the roof. With our annual cadence of delivering a new generation of AI supercomputers — and extreme codesign across six new chips — Rubin takes a giant leap toward the next frontier of AI.” 

Or, look at AI giant, Palantir. 

After an explosive year that saw Palantir (NASDAQ: PLTR) rally from about $70 to $174, the AI giant could rally to higher highs. Helping, analysts at Truist say the PLTR stock still has room to run this year, giving it a buy rating with a price target of $223 a share.

“Palantir holds a unique market position in our view, ideally positioned for increased AI adoption by both government organizations and enterprises,” said the firm, as quoted by CNBC.

“The company has provided a leading software platform that integrates large organizations’ proprietary data with their operations and security to improve decision-making, which now positions Palantir to capture GenAI implementation with its AIP as organizations race to generate insights and efficiencies with the technology,” they added. 

Shares of Advanced Micro Devices are Rocketing, Too

Shares of Advanced Micro Devices (NASDAQ: AMD) are up about $2 a share in premarket after CEO introduced a new addition to the AMD “upcoming AMD Instinct MI400 data center AI hardware series called the MI440X with 8 graphics processing units, designed for on-premise AI enterprise deployments,” according to Barron’s.

Even better, she said the AI revolution is still in its early innings.

“We are just starting to realize the power of AI,” Su said on Monday at the CES tech trade show in Las Vegas, as also quoted by Barron’s. “AI is the most important technology of the last 50 years. I can say it’s absolutely the No. 1 priority at AMD.”