Tech Stocks Lead Nasdaq to Record High, AI Chip Demand in Focus | US Stock Analysis

Tech Stocks Lead Nasdaq to Record High, AI Chip Demand in Focus

During Wednesday's U.S. stock trading session, the Nasdaq Composite and the S&P 500 both reached new all-time highs, driven primarily by the technology sector. Optimism over demand for artificial intelligence (AI) chips, coupled with upcoming earnings reports from several tech giants, significantly lifted investor sentiment. By the close, the Nasdaq led gains, while the S&P 500 also posted multiple consecutive days of increases, highlighting a continued capital shift toward tech.

Nasdaq and S&P 500 Intraday Performance

According to market data, the Nasdaq index briefly surpassed its previous high to set a new record, while the S&P 500 rose in tandem, gaining between 0.5% and 1%. Energy and financial sectors lagged, while information technology and communication services led the rally. Analysts noted that the market's enthusiasm for AI-related supply chains has driven the tech-heavy Nasdaq to outperform other indices.

NVDA and AAPL Earnings Expectations in Focus

Chip giant Nvidia (NVDA) has seen its stock price strengthen recently, with widespread expectations that its upcoming quarterly earnings will once again exceed forecasts, largely due to explosive growth in AI chip demand. Reports indicate that Nvidia's H100 and subsequent products are in short supply in the global data center market, with order backlogs extending months ahead. Meanwhile, Apple (AAPL) shares also edged higher, as investors focus on updates regarding AI integration services in its upcoming earnings report, as well as stability in iPhone sales data. Earnings expectations for both companies are seen as key indicators of the tech industry's overall health.

AI Chip Demand Boosts Market Sentiment

The sustained expansion of AI chip demand has become the core narrative behind the recent tech rally. Beyond Nvidia, competitors like AMD (AMD) are accelerating new product launches to capture market share. According to industry analysis, the global AI chip market is expected to maintain double-digit growth over the next several years, directly boosting valuations of related semiconductor companies. Market sentiment has strengthened as investors gain confidence in AI application deployment, from cloud computing to autonomous driving and generative AI tools, all viewed as long-term growth drivers. This optimism has not only lifted chip stocks but also spurred gains in software and cloud services sectors.

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The above content is for reference only and does not constitute investment advice. Stock markets carry risks, and investment requires caution. The views and data presented are based on publicly available information and are not guaranteed for accuracy or completeness. Investors should make independent judgments and bear investment risks.