Chip stocks support the rebound of U.S. stocks, with the S&P approaching its highest record, spot gold breaking $4,000 for the first time, and silver futures rising over 3% during the session
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Chip stocks drive a rebound in U.S. stocks, with the S&P 500 index nearing its all-time high. NVIDIA's CEO stated that demand for Blackwell products is strong and confirmed investment in Musk's xAI. NVIDIA's stock price rebounded, leading to an overall rise in chip stocks, with the Philadelphia Semiconductor Index up over 1%. Dell's stock price rose by as much as 10% in early trading due to optimism about AI demand
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