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 investors digested a wave of strong corporate results.
Semiconductor manufacturers have been the primary engine of this move, posting record earnings that exceeded market expectations.
The strength in the chip sector is being interpreted by traders as validation that the artificial intelligence infrastructure build-out is accelerating, not slowing.
This narrative has provided a floor for tech-heavy indices, allowing them to push higher despite broader macroeconomic uncertainties.
Nokia shares also participated in the upside, benefiting from the general risk-on sentiment and the positive spillover from the semiconductor rally.