Broadcom, Micron Technology, Supermicro, Ford and more

• The Nasdaq climbed to a new high on Monday as technology stocks rose ahead of an expected Federal Reserve interest rate decision later this week.

• Micron Technology shares rose on optimism about its upcoming earnings report on Wednesday.

• Shares of Super Micro Computer plunged after it announced Friday that the stock will be removed from the Nasdaq 100 index, and the server maker is reportedly looking for ways to raise capital.

The Nasdaq climbed to a new intraday high on Monday as technology stocks rose ahead of an expected Federal Reserve interest rate decision later this week. The S&P 500 also rose, while the Dow was little changed.

Micron technology (MU) led to gains in the Nasdaq and S&P 500 on optimism about its earnings report, which is expected after the market closes on Wednesday.

Broadcom (AVGO) shares rose to another record high following better-than-expected earnings last week, as Bernstein analysts called it a “top pick” along with artificial intelligence (AI) darling Nvidia (NVDA).

Bitcoin also maintained its record-breaking pace, helping to boost shares of MicroStrategy (MSTR), the largest corporate owner of digital currency. The company is also expected to be included in the Nasdaq 100 Index.

Honeywell International (HON) Shares rose after the aerospace, building and security products maker said it is considering spinning off its aerospace business.

super microcomputer (SMCI) was the worst-performing stock in the S&P 500 after announcing Friday that the stock will be removed from the Nasdaq 100 index and reporting that the server maker is looking for ways to raise capital.

Ford Motor shares (F) fell after a downgrade from Jefferies, which cited inventory concerns.

Oil and gold futures fell. The yield on the 10-year Treasury note barely changed. The US dollar gained against the euro and the yen but lost ground against the pound.

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