US Stocks Rise as Chipmakers Rally

2026-07-06 20:11 By Isabela Couto 1 min. read

US stock indices closed higher on Monday on strong gains in semiconductor stocks.

The S&P 500 added 0.7%, the Nasdaq 100 rose 1.3%, and the Dow closed at a record high of 53,056.

Chipmakers rallied ahead of Samsung's sales update and SK Hynix's ADR issuance on Friday.

Broadcom rose 3.7% after extending its partnership with Apple (+1.3%).

Nvidia gained 0.4% after its assembly partner Hon Hai Precision Industry signaled that AI demand continues to strengthen.

Micron rose 0.9%, AMD surged 6.6%, and Intel added 1.5%.

The gains extended a volatile period for chip stocks, as investors continue to weigh rising competition, potential overcapacity, and the returns on AI-related investments.

On the data front, the US services sector expanded at a slightly slower pace in June, while firms increased hiring as cost pressures eased.

Investors await minutes from the Fed's latest policy meeting on Wednesday for clues on how policymakers are balancing inflation and labor market risks.



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