The Nasdaq 100 index climbed nearly 3% in a session defined by aggressive buying in technology shares, extending a broad-based recovery in US equities.
The rally was driven by renewed optimism surrounding the commercialization of artificial intelligence, with investors treating intraday dips as entry points for tech-heavy positions.
This move follows a period of volatility, building on earlier gains where the index had already advanced more than 2% on Monday amid similar sentiment.
This move follows a period of volatility, building on earlier gains where the index had already advanced more than 2% on Monday amid similar sentiment.
Market participants are now shifting focus to upcoming corporate results, with particular attention on Apple Inc. and Amazon.com Inc. Traders are looking for concrete evidence that heavy capital expenditure in AI infrastructure is yielding tangible revenue growth and margin expansion.
The performance of these mega-cap stocks will likely dictate the trajectory of the broader index in the coming sessions.
The semiconductor sector continues to act as a primary catalyst for the rally, buoying the Nasdaq Composite and the S&P 500.
This sector-specific strength suggests that the market is pricing in a sustained demand cycle for chips and related hardware, rather than a fleeting speculative spike.