US stock markets extended their recent upward trajectory on Monday, driven by a resurgence of investor confidence in the technology sector.
The rally was broad-based, with the Dow Jones Industrial Average and Nasdaq Composite posting solid gains as sentiment improved across major indices.
The primary catalyst for the session’s strength was a wave of record-breaking results from major semiconductor manufacturers.
These earnings beats have provided tangible evidence that demand for artificial intelligence infrastructure remains robust, alleviating some of the skepticism that had weighed on tech valuations in recent weeks.
Nokia also emerged as a notable beneficiary of the positive sentiment, with its shares climbing alongside the broader tech rally.
The Finnish telecommunications equipment maker’s performance suggests that investors are looking beyond pure-play AI chip designers to companies with exposure to the wider digital infrastructure build-out.