US equity markets opened in positive territory on Tuesday, extending a broad-based rally that has lifted major indices toward record levels.
The S&P 500 and Nasdaq Composite are currently on pace to deliver their best quarterly performance in years, buoyed by renewed investor confidence in technology growth.
Chip and memory stocks led the advance, rebounding sharply from recent lows.
The sector’s recovery suggests that investors are beginning to digest previous volatility and are refocusing on the long-term demand drivers for artificial intelligence infrastructure.
This rotation into tech names provided the primary lift for the broader market at the open.
The market’s resilience stands in contrast to escalating geopolitical tensions in the Middle East.