US Stocks Rally: Chipmakers Lead Gains on Strong Earnings Momentum

Major U.S. Indices Close Higher on Tech Strength

Wall Street ended the trading session on a strong note, with the Dow Jones Industrial Average gaining 0.60%, the S&P 500 rising 0.26%, and the Nasdaq Composite adding 0.25%. The rally was largely fueled by upbeat performance in the technology sector.

Chipmakers Lead Market Gains

Semiconductor stocks emerged as top performers, driven by robust earnings from TSMC that sparked a broader rally across the chip industry. Applied Materials and ASML saw shares jump over 5%, while TSMC climbed more than 4% and Nvidia gained over 2%, reflecting strong investor confidence in next-generation computing.

• Dow up 0.60%
• S&P 500 up 0.26%
• Nasdaq up 0.25%
• Chip sector averages gain over 3%

Analysts suggest that accelerating demand for AI infrastructure and advanced chips will continue to support strong earnings momentum in the coming quarters.