All three major US stock indexes were up in late-morning trading Monday, after President Donald Trump attempted to ease concerns over trade relations with China in a Truth Social post on Sunday.

In company news, Broadcom (AVGO) and Microsoft-backed (MSFT) OpenAI said Monday they are launching a partnership to deploy 10 gigawatts of OpenAI-designed artificial intelligence accelerators. The racks of AI accelerator and network systems will use ethernet and other connectivity products from Broadcom and will be installed in OpenAI's facilities and partner data centers, the companies said. Deployment is expected to begin in H2 2026 and will be completed by the end of 2029, they said. Broadcom shares were up 9.1% around midday, while those of Microsoft were up 0.5%.

Brookfield Asset Management (BAM) will invest up to $5 billion to develop global AI infrastructure, utilizing Bloom Energy's (BE) advanced fuel cell technology, the companies said Monday. The two companies are partnering to design and deliver AI factories worldwide, with the first European site set to be unveiled before the end of the year. Separately, Brookfield Asset Management and Brookfield (BN) will acquire the remaining 26% of common equity interest in Oaktree they don't already own for about $3 billion, resulting in 100% ownership of the company, Brookfield said. Shares of Brookfield and Brookfield Asset Management were up 3.9% and 3.5%, respectively. Bloom Energy shares were up nearly 30%.

JPMorgan Chase (JPM) said Monday it will make direct equity and venture capital investments of up to $10 billion as part of a new 10-year, $1.5 trillion plan to facilitate, finance and invest in industries "critical" to US economic security. The banking giant will focus on companies involved in supply chain and advanced manufacturing, defense and aerospace, AI, cybersecurity and quantum computing, it said. JPMorgan shares were up 2.4%.

Salesforce (CRM) said Monday it plans to invest $15 billion in San Francisco over the next five years to support a new AI incubator hub on its campus there. The investment will also go toward workforce development and training and to help companies transform into Agentic Enterprises, the company said. Salesforce shares were up 1.2%.

Beyond Meat (BYND) said Monday its offer to exchange its existing zero-interest convertible notes due 2027 for new 7% secured notes due 2030 and shares of its common stock was successfully subscribed with 96.92% of holders tendering in for the exchange. Beyond Meat shares were down about 48%.

Price: 353.95, Change: +29.32, Percent Change: +9.03