NEW YORK (AP) — Wall Street is hanging near its records on Monday, as technology stocks keep rising.

The S&P 500 rose 0.2%, coming off its latest all-time high. The Dow Jones Industrial Average was down 113 points, or 0.2%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.4% higher.

Advanced Micro Devices soared 28.3% to help lead the market after announcing a deal where OpenAI will use its chips to power artificial-intelligence infrastructure. As part of the deal, OpenAI could own up to 160 million shares of AMD if it hits certain milestones.

A frenzy around AI has been one of the main reasons Wall Street has been hitting record after record, though that’s also raising worries that prices have potentially shot too high. Much of the furor around AI in the last couple weeks has

See Full Page