S&P 500 and Nasdaq surge to record highs after AI chipmaker rally
U.S. equity markets climbed to new peaks, with the S&P 500 surpassing 7,800 and the Nasdaq reaching record highs. The rally was driven largely by gains in artificial‑intelligence chipmakers, sparking investor optimism. Yet concerns about economic instability remain, prompting a cautious outlook among market participants. The surge followed a sharp rebound in technology stocks, with major AI firms posting significant gains.