The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Intel and strong quarterly earnings. A U.S.-Iran ceasefire held, easing geopolitical concerns. Investors focused on robust corporate profits, with S&P 500 companies on track for significant year-over-year earnings growth, bolstering market optimism.
AMD shares jump 13% as AI chip demand lifts strong results
Shares of Advanced Micro Devices jumped sharply after the chipmaker delivered strong quarterly results and issued an upbeat outlook, driven by robust demand for AI