U.S. Markets Rally at Open, Tech Leads the Charge
Wall Street kicked off Wednesday with broad gains across major indices. The Dow Jones Industrial Average rose 0.18%, the S&P 500 advanced 0.16%, and the Nasdaq Composite edged up 0.07%, underscoring resilience in the tech sector amid cautious optimism.
Chip Stocks Surge as Sector Takes Center Stage
Semiconductor shares led the rally, with major players posting solid gains. ASML climbed over 3%, buoyed by strong order visibility, while Applied Materials jumped more than 2% on rising demand for chip fabrication equipment. Intel, Broadcom, and Micron Technology all gained over 1%, signaling renewed confidence in the chip ecosystem.
- ASML rallies on robust lithography equipment demand
- Applied Materials benefits from global fab expansion
- Micron sees improving memory market conditions
- Broadcom expands footprint in high-performance computing
Analysts suggest that accelerating AI adoption, cloud infrastructure growth, and recovering consumer electronics markets are fueling a new upcycle in semiconductors. With fundamentals strengthening, the sector may continue to outperform in the near term.