US Tech Stocks Surge on AI Rally

AI-linked tech stocks powered US indices higher as easing shutdown fears and Fed-cut expectations lifted risk appetite across Wall Street.

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21 days ago

US Tech Stocks Surge on AI Rally

US Tech Stocks Surge on AI Rally
US equity benchmarks opened the week sharply higher as an AI-driven rally in mega-cap technology shares lifted sentiment across Wall Street. Nvidia, Palantir, AMD and Micron advanced strongly, boosting market breadth and overall turnover. The S&P 500 rose 1.6%, Nasdaq gained 2.4% and the Dow added 415 points. Progress on a government-funding bill eased shutdown anxiety while speculation of a potential Federal Reserve rate cut in December underpinned risk appetite. Traders remain watchful of macro signals as rotation into high-growth tech sustains momentum in year-end positioning.
Tags:
  • AI
  • US Markets