FORGOTTEN HISTORY: Stocks gain on strength in chipmakers - Caught on Camera

The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.59%.  December E-mini S&P futures (ESZ25) are up +0.21%, and December E-mini Nasdaq futures (NQZ25) are up +0.60%.

Stock indexes are mostly higher today, with the Nasdaq 100 posting a new all-time high.  Advanced Micro Devices is up more than 28% to lead chipmakers higher after its deal with OpenAI on AI infrastructure, worth tens of billions of dollars, added fuel to the AI frenzy.  Recent optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits is a major bullish factor for stocks.  Stocks are also underpinned by hopes that a resilient US economy and additional Fed easing will continue to support the economy.