Chip Stocks Lift Nasdaq As Nvidia, AMD Jump 3%; Meta Defies $25B Penalty Ahead Of Earnings
US technology stocks advanced on Wednesday as upbeat earnings from artificial intelligence-linked companies revived investor appetite for chipmakers, lifting the Nasdaq Composite even as concerns over the sustainability of AI spending lingered. The Nasdaq Composite gained 1.05% to 26,701.12 at 11:36 a.m. ET, while the S&P 500 rose 0.46% to 7,748.13. The Dow Jones Industrial…