US EditionChip stocks jump on AI optimism; Dow ends at record high
Nvidia’s AI processor announcement lifted chip stocks with SanDisk up 27%, while the PHLX chip index rose about 8% in early 2026 trading sessions.
- Friday, Wall Street ended higher as chip stocks surged on renewed AI optimism and the Dow Jones Industrial Average hit a record high.
- At the Consumer Electronics Show in Las Vegas, Huang outlined upcoming AI processors with a new layer of storage technology, prompting rallies and concerns about data center cooling systems.
- SanDisk surged over 27% while Western Digital rallied 17%, Seagate Technology gained 14% and Micron Technology rose 10%, with all four hitting record highs, while Moderna jumped almost 11% after BofA Global Research raised its price target.
- The S&P 500 climbed 0.62% to 6,944.82, with heavy trading of 18.7 billion shares and advancing issues outnumbering decliners.
- Investors are awaiting reliable economic data as the effects of a record 43-day federal government shutdown wear off, including the Job Openings and Labor Turnover Survey on Wednesday and Friday's jobs report for December.
13 Articles
13 Articles
U.S. shares rise as chip stocks surge on AI optimism
The S&P 500 climbed 0.62% to 6,944.82 points, the Nasdaq gained 0.65% to 23,547.17 points, while the Dow Jones Industrial Average rose 0.99% to 49,462.08 points U.S. shares ended higher on Tuesday, as chip stocks surged on renewed AI optimism, Moderna rallied and the Dow Jones Industrial Average reached a record high. Moderna jumped almost 11% after BofA Global Research raised its price target on the drugmaker, helping lift the S&P 500 healthcar…
S&P 500 and Dow Rally to Record Highs as Tech Stocks Surge
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.99%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.94%. March E-mini S&P futures (ESH26 ) rose +0.62%, and March E-mini Nasdaq futures...
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