US equity markets closed higher on Thursday, with the Nasdaq Composite surging 1.3% to finish at 26,206 points.
The rally was driven by broad-based strength in the semiconductor sector, where names such as Micron Technology and ARM Holdings posted significant gains.
The move extended a multi-day streak of positive performance for technology shares, reinforcing the market’s focus on the artificial intelligence investment cycle.
The semiconductor-led advance helped offset broader market caution, as investors continued to rotate capital into growth-oriented tech names.
The Nasdaq’s outperformance relative to broader indices underscores the sector’s role as a primary engine for US equity returns in the current regime.
Trading volume remained robust, suggesting institutional participation in the upward move rather than speculative retail activity.