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AI Chips Power Nasdaq Surge | US News
Nasdaq surges as chip stocks lead the charge, fueled by Micron’s $250B U.S. investment pledge by 2035 to meet AI-driven memory chip demand. Despite Iran tensions rattling markets and inflation fears, tech giants like Applied Materials and Sandisk shine, while Meta climbs on AI chip manufacturing news. Earnings season looms with strong tech profit forecasts, labor market stability confirmed by falling unemployment claims, and the Fed holding rates steady—though traders eye a possible rate hike by year-end, with company-specific performance still driving market sentiment. Listen in comfort:Get…
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