Strong quarterly results from AMD drive gains in AI-related equities, pushing major U.S. indexes to record closes.
The S&P 500 and Nasdaq reached all-time highs, driven by a rally in AI-linked stocks following better-than-expected earnings from AMD. The chipmaker’s results underscored robust demand for AI infrastructure, fueling investor optimism.
Prior to the session, futures had signaled modest gains, but the AI sector’s momentum accelerated after AMD’s report. The S&P 500 closed 0.5% higher, while the Nasdaq gained 0.8%, extending a weeks-long tech-led advance.
Markets reacted positively to the earnings beat, with AI-related equities leading the broader rally. The gains reflect sustained investor appetite for companies tied to artificial intelligence growth.