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S&P 500 and Nasdaq hit record highs on AI chipmaker rally

Original: S&P 500 and Nasdaq surge to record highs after AI chipmaker rally https://www. theguardian.com/business/2026/ oct/06/sp-

US stock markets reached record highs as Wall Street closed sharply higher following a rally in AI chipmaker shares. The S&P 500 and Nasdaq both surged to unprecedented levels, driven by renewed investor enthusiasm for semiconductor companies at the centre of the artificial intelligence boom. Commentators are framing the move as further evidence that AI optimism continues to power US equities despite concerns about valuations.

Why now: Markets hitting record highs on the back of AI chipmaker strength draws broad attention from investors amid ongoing debate about the AI-driven rally.

S&P 500NasdaqWall StreetAI chipmakers

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